One of the first questions you may ask yourself before purchasing an amazing farmhouse into the Tuscan countryside rather than a beautiful villa at the sea is: “is it a luxury property?”. Let’s give a look to the regulation in force.
Which are the criteria according to which the Italian law considers a home luxury?
The reference legislative text for the Italian Corte Di Cassazione is M.D. Public Works of August 02, 1969 in accordance to which the property considered luxury are:
- Properties created on those areas that the urbanistic – used or approved – tools destine to “villas” and/or “private park”. Indeed, these categories are qualified as “luxury” by the above-mentioned tools.
- Properties created on areas that the above-mentioned tools had provided for a single-family house building typology function and with the specific limitation of lots of no less than 3.000 sqm. Farming areas, even if residential buildings are allowed in there, are excluded.
- Houses that are part of a building of more than 2.000 m3 and realized on lots whose built-cubic volume is of less than 25 m3 v.p.p. for every 100-estate-surface sqm.
- Single-family houses equipped with a swimming pool of at least 80 sqm or a tennis court with a drain base of not less than 650 sqm.
- Houses composed of one or more rooms that constitute a unique master accommodation having a total surface of more than 200 sqm (excluding balconies, terraces, cellars, garrets, staircases and garages) and an external surface of more than six times the internal one.
- Single real estate units having a total surface of more than 240 sqm (excluding balconies, terraces, cellars, garrets, staircases and garages).
- Houses that are part of a building built on an area designed for the residential buildings if the cost of the property surface exceeds of a time and a half the cost of the single construction.
- Houses and single real estate units with more than 4 characteristics among the one included into the table attached to the decree.