CANADA: Government announces two-year extension to ban on foreign ownership of Canadian housing.
As consequence, the Condition of Reciprocity between Italy and Canada will remain suspended for more 2 years, until January 1st, 2027.
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Based on the provisions of the 2024 Budget Law, in the case of properties other than the main residence and not acquired by inheritance - and on which 110% Superbonusinterventions have been carried out - the capital gain tax (deriving from their sale) will apply for 10 years. [...]
Good news for overseas property buyers Expanding of your Budget and power of purchase Securing of a non-resident Italian mortgage to purchasing a property has always been considered in the past kind of complicated, if not virtually impossible. The current historical situation might instead lead to a different scenario, [...]
CANADA: Government announces two-year extension to ban on foreign ownership of Canadian housing. As consequence, the Condition of Reciprocity between Italy and Canada will remain suspended for more 2 years, until January 1st, 2027.
Many relevant news have been introduced on short-term rentals - Sanctions for those who do not respect the new rules. The "Decreto Anticipi" (Decree 18/10/2023, n. 145, converted into Law 15/12/2023 n. 191), introduces important news in the short-term rental sector, which will have important effects for tenants/consumers and [...]
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