Authorization for Transfer of Real Estate Owned by the Treasury

• The Italian Supreme Court highlights a discrepancy in the first-home tax benefit rules for VAT and registration tax for almost a year.
• The benefit was previously based on the characteristics of the property, leading to disputes.
• The current benefit is based on the cadastral classification, excluding properties in categories A/1, A/8, or A/9.
• The change in the registration tax rules took effect on January 1, 2014, but the VAT rules were not updated until December 13, 2014.
• The case involved a property sale in March 2014, where the property was considered “luxury” based on its size but not based on its cadastral classification.
• The Supreme Court ruled that the old rules still applied, as the VAT rules were not updated until December 2014.

Source: alomaliye.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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