Approval of the growth decree 2019, which introduces important innovations for the real estate world. The measures envisaged by the decree concern interventions that can stimulate investments in Italy, let us look in detail.
From this year, the Guarantee Fund is no longer specifically dedicated to the under-35s, but in general to the purchase of a property, even from the builder, to be used as a principal residence, provided that it is not a luxury property.
It should no longer be presented on September 30th, but on December 31st. Furthermore, there is a Tasi exemption for buildings constructed and intended for sale by the building company.
Introduced tax reliefs concerning:
The extension of the lease contract with an agreed fee is two years, the omitted renunciation of renewal extends the lease contract to an agreed fee.
The fines foreseen for the protracted or omitted communication of the extension of the home rental contract with the facilitated regime will be canceled.
For each online announcement concerning a short rental, the identification code for short rents must be present, to allow the IRS (Internal Revenue Service) to verify the type and characteristics of the property.
For those who purchase a building renovated by a construction company in 2019, they are entitled to a tax deduction, it is up to a maximum amount of 96 thousand euros spent.
The 2019 growth decree is therefore very important as it should lead to growth through the introduction of a series of incentives and benefits listed above.