Italy Tax Agency Clarifies Earthquake Bonus on Property Purchases

The Italian Revenue Agency Feb. 10 issued Letter No. 30/2026, clarifying the earthquake bonus on property purchases. The taxpayer, a contractor, converted a building from offices to residential units in August 2024, sold some units by Dec. 31, 2024, and expected to sell the remaining in 2025. The taxpayer inquired concerning buyers’ eligibility for the bonus. Upon review, the Tax Agency clarified that: 1) the alternative options of the invoice discount and transfer credit are generally limited to expenses incurred until Dec. 31, 2024, so the buyers who signed deeds in 2025 couldn’t choose them; and 2) the buyers who ...