Discover the latest tax return news: you won’t even imagine what you can avoid paying.
The time has come to fill out the important form tax declarationor a document that taxpayers must submit to theRevenue Agencydeclaring the amount of income earned and taxes paid, during the tax year.
Through model 730Italians report their income, deductible and deductible expenses, to calculate thetax net due or the reimbursement due. Obviously, you must respect the deadline set for sending your declaration form.
But, this year, there is great news. Apparently, there is something that you will no longer have to pay and you just need to talk to yours financial advisor to avoid this tax. Here’s what it’s all about.
What to declare in 2024
What won’t make income on your next statement is the home. In reality, the tax return must also be reported income relating to buildings, but there is something new about it. Based on the indications of 730 of 2024, the owners of buildings located in the Italian State, who are or must be registered in the land register of buildings, as having an income; owners of properties that cannot be defined rural; the owners of usufruct of properties in the Italian State; the owners of buildings with annuity attribution; members of companies that generate income from buildings.
The obligation to declare also concerns the houses rented out. But, from today, you can avoid declaring a particular situation, which will be IRPEF exempt. Here’s what it is.
What will no longer generate income in 2024
Each building has its own cadastral income but, when the house is in Renovation, it goes without saying that the potential income is as if it didn’t exist. Thus, if you are able to declare the actual construction works, then you will also be able to avoid paying for the property being renovated.
Obviously, you will need them licenses, concessions, permissions for restoration. Furthermore, during the renovation phase, no one must live in the property, not even the homeowners. Therefore, only when all these requirements are met will you be able to do without declaring the property in the context of Income from Buildingsof the 730 model or of the Personal Income model. An important piece of news for all citizens which will certainly make many people happy. Find out if you are also entitled to this tax benefit and save on your next tax return.
