Santa Clarita Living

The mutual benefits IRPEF

by admin on 13/11/08 at 12:09 pm

In site-loans-mortgage insurance, I found an interesting article on the national tax.
I tried to enter the news in a more simple as possible.
If you buy a house you pay the interest on the loan can be deducted from IRPEF the extent of 19% on up to 4000 euro (since 2009), provided that the property is intended for primary dwelling within 12 months after purchase.
The deduction is valid if the purchase was made 12 months or 12 months before or after the conclusion of the contract of loan with the bank.

In the event that the property purchased is occupied by tenants, to take advantage of the deduction, you must advise within 3 months after the tenant to leave the house (through eviction notice or notice of license) and within the same year in which the house is free can be assigned as the main dwelling.

If the property purchased is to be restored, you can deduct interest only if the principal passes to the new house within two years after purchase (so you have about two years to renovate the house, so as to reside).
If however you have to start from scratch and completely build your home in this case, the amount deductible down to Euro 2582, but the deduction is available only to finance the construction of the main dwelling and in terms of 6 months before or 18 after the start of construction.