The world of tax deductions also invests the real estate market and our choices. Here’s what we need to know to save money
When we talk about tax deductions related to the mortgage, we tend to think only of buying the first home. In reality, the tax breaks provided for by the 730/2025 model extend to different types of mortgage mortgagesincluding those for renovation o construction of the main home. Here is an overview.
In fact, Italian law allows you to recover a part of the interests paid to the bank, with a tax savings that can go up to 760 euros per year.
How deductions work
The legislation provides for a Irpef deduction of 19% on taxable interests paid during the year, up to a maximum of 4,000 euros. Translated into practice, they can be deducted up to 760 euros per year. This advantage is intended for those who have contracted a mortgage loan and the property purchased a main residence within one year from the signature of the deed.
In order to access the deduction, however, there are specific requirements. The mortgage must be aimed at purchase, construction or renovation of the main home. The property must become Main home within 12 months from the expense or disbursement of the mortgage. Payments must be traceableor made by bank transfer, check or electronic tools.
The deduction also applies to mortgages contracts for the construction of a main housestipulated within six months before or 18 months after the start of the work. But also for the extraordinary renovation or maintenance of a property to be used as a main home.
In these cases, the maximum limit of deductible interests changes: for mortgages intended for construction, for example, it is 2.582,28 euro Annui. However, the property must be intended for the main home within six months from the end of the works.
In the case of joint mortgages, for example between spouses, Each holder is entitled to deduct for its share of interestin compliance with the total roof of 4,000 euros. If both pay half of the interest, they will be able to deduct up to 2,000 euros each. If, on the other hand, one of the two is charged to the other, the main holder can deduct The entire amount.
To benefit from the deduction, the Model 730/2025indicating the interest expense paid in Frame E, Rigo E7. Banks are required to provide the taxpayer with a Declaration with deductible amountsbut it is always good to also control independently, verifying the actual payment of interest and keeping bank receipts.
