ASANA

Good news for those who purchased a new home using the “first home” tax benefit but still owned a previous one: the time limit to sell the previously owned property has now been extended from 1 to 2 years. This clarification comes from Italy’s Revenue Agency (Agenzia delle Entrate) in its ruling no. 127 dated May 5, 2025. It confirms that the 2025 Budget Law (Art. 1, paragraph 116, Law no. 207/2024) doubled the resale deadline, and this extension also applies retroactively to