Real estate news

Also this year it will be possible for taxpayers to take advantage of a series of IRPEF subsidies on some expenses incurred. One of the most important concerns the borrowers, who may request the deduction of the interest payable on the loan in 2017, which must be included in the pre-compiled model 730 of the Revenue Agency, with amounts that vary depending on the purpose for which the mortgage was stipulated.

First home mortgage

In the case of a loan for the first dwelling, understood as the accommodation in which the taxpayer or his family members usually reside, a deduction equal to 19% of the amount paid for the interest payable and within a maximum amount is admitted for the holder of the loan. of 4,000 euros. The beneficiary of the tax deduction must be the same person to whom the mortgage is held and in the case of a couple of spouses who have purchased the house jointly, each spouse can deduct the interest only for his / her share, for a maximum amount 2,000 euros: in the case that one of the two is fiscally charged to the other, the deduction is up to the latter for both shares.

Mortgages for renovation or construction of the first house

In this case, the deduction is possible for contracts stipulated starting from 1 January 1998, again in the amount of 19% but for an amount not exceeding 2,582.28 euros. The reduction is permitted on condition that the signing of the mortgage contract by the owner as property (or other real property right) takes place in the six months before or in the eighteen months following the beginning of the construction works.

An exception is foreseen for the year 1997, in which the passive interests can be deducted in the case of credit granted for the renovation, maintenance and restoration of the buildings.

Mortgages for the purchase of the second home

For loans stipulated before 1993 a deduction of 19% may be requested also in relation to properties other than the first house: the maximum amount will be equal to € 2,065.83 for each holder of the loan.

In particular, for loans contracted by December 31, 1990, deductions can also be made for properties other than homes, while for mortgages registered in 1991 and 1992 only the deduction for properties to be used as dwellings other than the main one, therefore also the second house. The benefit will not be due if the conclusion of the contract came after December 31, 1992 for reasons other than the purchase of the main residence.