Real estate news

The 2025 Budget Law introduces several updates regarding the buying and selling of real estate in Italy. The building bonuses provided by the Italian Budget Law 2025 are generally available to foreign citizens, provided they meet the same eligibility criteria as Italian citizens.
These bonuses are tied to ownership, tax residency, and compliance with Italian tax obligations rather than nationality

Here are the main changes:

Superbonus

• Reduced Rate: Starting in 2025, the Superbonus rate will drop to 65% for eligible expenses.
• Requirements: The benefit is reserved for projects initiated by October 15, 2024. To be considered “initiated,” it is necessary to have submitted the certified CILA, signed a preliminary purchase agreement, or started the process to obtain the necessary permits for demolition and reconstruction.

Ecobonus and Sismabonus

• Reduction of Deductions: Deductions will drop to 50% for primary residences and 36% for other properties in 2025. Starting in 2026, they will further decrease to 36% for primary residences and 30% for second homes and other categories.

Renovation Bonus

• Rate: In 2025, the rate is set at 50% for primary residences and 36% for other properties. In 2026, it will drop to 36% and 30%, respectively.

Furniture Bonus

• Confirmation: The deduction for furniture and appliances remains valid until 2025, with a maximum deductible expense of €5,000, provided the purchase is linked to renovation work.

Incentives for First Home Purchases

• Extension of the Deadline: The period to sell a property without losing the first-home benefit has been extended from 1 year to 2 years, offering greater flexibility to taxpayers. This means it will be possible to purchase a “new first home” and have 2 years instead of 1 to sell the “old first home” without forfeiting the benefits and while being able to take advantage of a tax credit.

First Home Mortgage Guarantee Fund

• Extension: The special provision that increases the maximum guarantee provided by the First Home Guarantee Fund from 50% to 80% of the principal amount for priority categories, with an ISEE (Equivalent Economic Situation Indicator) not exceeding €40,000 per year, has been extended until December 31, 2027.
• Increased Funding: The Fund’s allocation will increase by €130 million for 2025 and €270 million for each of the years 2026 and 2027.

It is advisable to verify with a local tax consultant or agency in Italy, as specific rules or interpretations may apply based on your circumstances