INFORMATION NOTE – Relating to the First Home benefits and related
INFORMATION NOTE – Relating to the First Home benefits and related Elective Residence
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I spoke at length with the accountant – The customer who takes the Elective Residence and buys as a first home in Italy – Can rent in up to three separate homes - even for all 12 months of the year - without losing the TAX BENEFITS of elective residence and First Home - In addition, he can also give his tenants, a minimum of food (breakfast, a drink, a coffee, a voucher to use in a restaurant or bar in the city) –
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Instead, he loses the qualification of Elective Resident, and pays taxes in Italy - At the moment in which he opens a commercial activity, that is, He takes the VAT number and registers with the chamber of commerce
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