Can anyone who has renovated especially in Le Marche tell me the amount of IVA you have to pay on renovation. I am told that on an old building it is 10%, but if it is your first property it is reduced to 4%. Does this work similar to purchase tax i.e. you have to become a resident and live in the house full time to benefit from the lower tax or is it open to anyone (resident or not) as long as it is their only house in Italia?
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