First house benefits in Italy for AIRE subjects

In Italy there are several advantages on the purchase of the first house, based on certain specific criteria that the buyer must comply with:

• the same subject must not be the owner of another property purchased or received with the same benefit;
• if he owns a property obtained with the same benefit, the buyer must resell it within 12 months after the purchase of the new property;
• the property must be located in the same municipality where the subject resides, or where he intends to move his residence within 18 months after the new purchase.

“First house” benefits can also be applied to foreigners, always provided that they are willing to move their residence in our country – choice that in some cases can lead to other interesting tax benefits that we will deal with in a separate article.

Different rules are applied for Italian citizens, residing abroad registered in the Italian Register of Foreign Residents (AIRE) who have the requirements for the application of the tax benefits provided for the purchase of the ‘first house’, as an Italian national residing abroad registered with AIRE.

An Italian resident abroad and registered with AIRE, in fact, can take advantage of the first house benefit, provided that the property purchased constitutes the “first house” on the Italian territory, without having to transfer their residence.