What it is and how to use it

Also this year, young adults under the age of 36 who buy a home can take advantage of some important perks, from registration tax exemption to tax credit. Let’s see all the details about it together.

The Home bonus less than 36 Expecting a mission Privileges For young people who decide to buy their main home. Incentives are active even if you decide to enter into a contract Finance.

We see in the following article all the incentives for young people.

Home Bonus Under 36: How It Works

The Young people under 36 intends buy a house Some may benefit PrivilegesWhether at the time of purchasing the property or in determining the financing plan.

The Advantages when buying a property interest:

• immediate exemption from registration tax;
• immediate exemption from mortgage and property taxes;
• recognition of a tax deduction equal to the amount of VAT paid for the purchase of new premises, if it is due;
• in case if take out a mortgageIn addition, exemption from the alternative tax is envisaged, equal to 0.25% of the total amount.

Home bonus under 36: How to indicate it on your tax return

For declarative purposes credit tax must be shownInstead of that:

• In the G8 . line of Form 730 relating to tax credits;
• In the CR13 . line From the income model Pf.

Once this is done, it is necessary Fill in the column corresponds to your situation:

• Column 1 should indicate the tax credit for repurchasing a “first home” that did not find capacity in the tax generated by the previous return;
• Column 2 should indicate the tax credit due in 2021;
• Column 3 should indicate the tax credit used for clearing on Form F24 up to the date the return form was submitted;
• Column 4 should indicate the tax credit used to meet the stipulated business after the purchase of the “first home” subject to VAT.

The tax credit can then be included as compensation within F24using cipher greeting 6928 The ‘tax credit’ is called the ‘first house under 36’ – Art. 64, c. 7, DL n. 73 for the year 2021″.