First Home Tax Benefit: Extension of the Resale Period for the Discounted Property

With its response to query no. 127/2025, the Italian Revenue Agency clarified the effects of the new rules introduced by the 2025 Budget Law (Art. 1, paragraph 116, Law no. 207/2024) concerning "first home" tax benefits. This provision extended the resale period of the previously owned discounted property from one to two years, without losing the tax benefits on the purchase of the new property.

The Case in Question

The applicant had purchased a property in 2018 using the "first home" benefits and, on January 25, 2024, purchased a new property in the same municipality, committing to resell the previously owned one within a year to maintain the benefits. However, due to delays from the buyer's bank, they were unable to meet this deadline. With the entry into force of the 2025 Budget Law, which extended the resale period to two years (biennial resale), the applicant sought confirmation of their eligibility for this extension.

Clarification by the Revenue Agency

The Agency confirmed that the new provision also applies to purchases made before 2025, provided that the previous one-year period had not yet expired by December 31, 2024. In other words, in this case, the taxpayer has until January 25, 2026, to sell the previously owned discounted property without losing the benefits on the new purchase.

Implications for Taxpayers

This clarification is of great importance for all those who have purchased a new property benefiting from the "first home" discount while temporarily retaining ownership of the previous one. Thanks to the extension of the resale period to two years, taxpayers have more time to complete the sale without losing tax benefits.