The first home benefits can be lost and in these cases it will also be necessary to pay the taxes saved so far, interest and a fine of 30% of the taxes themselves .
The concessions obtained with the first home benefits – as clarified by the Revenue Agency – are lost if:
The declarations in the deed of purchase are false;
The house is vend or contributed before 5 years have enacted from the date of investment, unless they limit within a year, another possessions is bought , even free of payment, to be used in “reasonable” times as one’s main residence. The double prerequisite is not pleased when only a compromise is specified within the time from the deal of the first possessions, since with this type of contract the asset is not transferred samui property for sale.
The residence does not move to the municipality where the property is located within 18 months of purchase;
Within the year of the purchase of the new property, the one already owned is not sold, purchased with the “first home” benefits
Taxes to be paid without first home subsidies
The scenario changes when you buy a home without applying for the “first home” benefits. If the seller is a company and the transfer is exempt from VAT, the buyer will have to pay: the proportional registration tax of 9%; the fixed mortgage tax of 50 euros and the fixed land registry tax of 50 euros.
If the seller is a construction or renovation company and sells within 5 years of completing the works, the costs to be faced are: 10% VAT, fixed registration tax of 200 euros, fixed mortgage tax of 200 euros and cadastral tax fixed of 200 euros . The VAT has a value of 22% if the property is registered in the cadastre in categories A/1, A/8 and A/9.
If the seller is a a personal person, the buyer will have to pay: the proportional registration tax of 9%, the limited mortgage tariff of 50 euros and the limited cadastral tariff of 50 euros . In both cases (purchase from a business or purchase from a private individual), the registration, mortgage and cadastral taxes are paid by the notary when the deed is registered.