The Senate Finance Committee has given the green light to the text relating to the mortgage loan which now awaits only the approval of Palazzo Madama. This is a form of loan that can allow owners of a property over the age of sixty to convert part of the value of the house into liquidity. The loan has like guarantee the property owned on which it is turned on a mortgage and that it will be repaid only on the death of the person who contracts it. It is an alternative to bare ownership designed for many elderly people who in many cases own property but have low retirement income.
Meanwhile the Government would be ready to back down on the front of VAT matches. Prime Minister Matteo Renzi, yesterday interviewed on TV, announced it: “The one on VAT matches was the most sensational own goal. I made a mistake but now we're recovering it." The discontent of the under 35s after the introduction of the new rules reached the ears of the Minister of Labor Poletti who confirmed the possibility of correcting the rules on VAT taxation. The boom in VAT numbers recorded in November was the signal that made the Government understand how the changes to the facilitated minimum system contained in the stability law have been alarming for young professionals who have decided to play in advance.
There are two hypotheses on the table of the Renzi executive. The first is the one put forward by the Undersecretary for the Economy Enrico Zanetti who would like to go back to the old rules which established a flat rate of 5% for those with invoices under 30 euros and under 35 years of age; extendable benefit for the first five years of activity if, in the meantime, the age threshold was exceeded. The second hypothesis, put forward by the Democratic Party, is to review thresholds and rates for some categories.
