First home bonus under 36 expiring on December 31st.

The under 36 first home bonus is a measure that facilitates, through specific support, young Italians to purchase a home to be used as a first home, by taking out a mortgage with a bank. To be able to access it, the overall ISEE must not exceed 40,000 euros, and the young person must move his residence to the home covered by the concessions within 18 months.

The under 36 first home bonus will expire on 31 December 2022, i.e. it can no longer be requested. However, starting from 2023 it will still be possible to buy a house through concessions with the ordinary first home bonus, which provides for the reduction of some taxes. In both measures, purchases of properties considered luxury are excluded.

The bonus for the first home consists of a series of tax breaks to support young people, under the age of 36, in purchasing a property, by signing a mortgage with a bank. This support was designed to help young people become independent of their families of origin, by purchasing a property to be used as a first home in a facilitated way.

This bonus does not consist of a single support, but of various tax concessions which simplify the purchase for young people, provided they meet certain requirements. In order to access support, these applicants must not be over 36 years of age, and have an ISEE of up to 40,000 euros. It is not possible for those with a higher income to request access to this measure.

The support has been available since May 2021, and will end on December 31, 2022, and the state has decided to allocate 242 million euros for the current year. This is undoubtedly an advantageous support for young people who buy a house, because they can be exempt from paying certain taxes, such as mortgage and cadastral taxes, and obtain a state guarantee of up to 80%, for a mortgage of up to 250,000 euros of total amount.

To obtain this particular support, it is necessary for the young person to establish his/her residence in the house which is the subject of the subsidy, within 18 months of the purchase. At the moment this support can still be requested by young people interested in buying a house, at least until the end of 2022. However, things could change later.

Open chat
Come vi possiamo aiutare?
Come vi possiamo aiutare?