Hi we recently purchased a house which was fully renovated after it having lain empty for years. We opted to pay 4% vat and understand we have to live in it within 18 months of the purchase for a minimum of two months to allow us to only pay 4%.
Bormio is a town located in the Province of Sondrio, Lombardy region of the Alps in northern Italy. The centre of the upper Valtellina valley, it is a popular winter sports resort. In addition to modern skiing facilities, the town is noted for the presence of several hot springs that have been tapped to provide water to three thermal baths.