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Changes aimed at simplifying home buying

Numerous amendments proposed to Unblock Italy measures

Redazione Ansa

(ANSA) - Rome, October 21 - A proposal to remove ownership requirements from a tax break on home purchases was among amendments proposed to the government's Unblock Italy program in the Lower House Tuesday.
    The proposal from the maverick 5-Star Movement (M5S) would see new home buyers keep the tax discount now allowed, but free them from a requirement that they keep the property for at least eight years.
    The proposed amendment must now face technical reviews.
    Other amendments before the Lower House environment committee also deal with tax savings on building restorations, and a plan to reduce the VAT to 4% from the current 10%.
    That is also awaiting technical assessment.
   

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