(ANSA) - Rome, October 22 - Here is a summary of how Italy's
TASI housing tax system will change based on a draft of the new
budget law:
NO TASI FOR TENANTS - Taxes on primary residences have been
eliminated. People who rent property that is not a primary
residence however will continue to pay a "tenant's share". Town
councils will be reimbursed 3.6 billion euros.
CASTLES AND LUXURY HOMES PAY, WITH SOME DISCOUNT - Taxes will
not be eliminated for certain bands of luxury homes, but some
discounts will be possible. This will affect about 62,000
properties.
'SUPER-TASI' REMAINS IN PLACE - For next year, increases in
local levies will be suspended. However regions will still have
the option of applying an additional 0.08% to second homes and
business premises (hotels, offices, shops) through 2016. This
levy could be worth an estimated 1.5-2 billion euros.
Changes to Italy's TASI property tax
Primary residences tax-free, but castles still have to pay