Italian government has finally noticed the plight of bleeding real estate market
and decided to take stringent steps. In a publically applauded move, government
is reducing the land registry tax on second home purchase. After the proposed
reduction from next year, you will save €900 for every €100,000 of the sales
price.
So if you are purchasing a €400,000 property as a holiday home in, say, Tuscany or Lake Como, you’ll be paying €3,600 less than you would be if you complete after 1st January than if you complete during 2013.
The saving will be even greater if you are buying a prima casa, or principal home in Italy, because you are relocating there. The €1,236 reduction per €100,000 of the sales price will mean that a €400,000 resale property will cost €4,945 less after January 1st.
“This is a really positive step for the Italian property market,” says Linda Travella of Casa Travella.
If you are planning Lake Como property purchase next year and wish to invest in a principal home, then, you will save even more.
The news was published on http://www.aplaceinthesun.com/news/feature/tabid/131/EntryId/2494/Default.aspx
So if you are purchasing a €400,000 property as a holiday home in, say, Tuscany or Lake Como, you’ll be paying €3,600 less than you would be if you complete after 1st January than if you complete during 2013.
The saving will be even greater if you are buying a prima casa, or principal home in Italy, because you are relocating there. The €1,236 reduction per €100,000 of the sales price will mean that a €400,000 resale property will cost €4,945 less after January 1st.
“This is a really positive step for the Italian property market,” says Linda Travella of Casa Travella.
If you are planning Lake Como property purchase next year and wish to invest in a principal home, then, you will save even more.
The news was published on http://www.aplaceinthesun.com/news/feature/tabid/131/EntryId/2494/Default.aspx
We should achieve things that we can use for our Property Investment to ensure our success with it. Try to focus on different ideas that we can use for this business to have more choices to use. More knowledge means a higher chance for us in succeeding.
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