Discount rate on the mortgage first home variable rate to debut. The Revenue Agency has published the decision of the Director which sets out guidelines for reporting to banks and financial intermediaries of holders of loans which, according to information available from the Tax Register, have the requirements to enjoy the subsidized . This is the discount rate on the loans variables first home variable rate, provided by anti decree, with the roof at 4% and the State of accollo gap.

Beneficiaries of the discounts. The benefit of the decree lies with anti-holders of a variable rate loan contract for the purchase, construction and major renovation prospects signed by October 31 this year, the rate payable in 2009. No benefit rests on mortgage contracts for houses noble class A1, class A8 villas and castles and palaces of eminent qualities, artistic and historical importance, designated as A9. The Agency stresses that are also subsidized mortgages renegotiated pursuant to Decree Law 93/2008 with effect on the enhancement of funding, or from the time at which the account has a balance of zero. Those eligible not determined by income, in each case may require the bank or the financial lender to facilitate, through a self-certifying their compliance with the requirements.

Tax credit in compensation. According to the decree provides anti, the shares of the installments from the state shall be advanced by banks and financial institutions, which are assigned to a tax credit for use solely in compensation. The beneficiaries of the tax credit, equal to that part of the installment from the state, should indicate the amount accrued and their use in an ad hoc section of the model year 2009 on 770/2010.

Procedures in the name of privacy. To ensure privacy, there is a prior identification and hence communication, by each bank or financial intermediary, the name of the one and only designated to receive the data of borrowers, to be sent through an email address ad hoc . Always at the same e-mail, the person appointed, once received the file containing the data of the recipients, the Agency will confirm that you have downloaded the data. The files relating to the beneficiaries by traveling through Entratel to banks and financial intermediaries: remain in the protected area of the site for 15 days from the date they are made accessible. The agency in the instructions contained in that each institution will be allocated on a file only loans disbursed by it.

Agency tracking of financial flows. It will be the Agency to monitor the operations in place by reporting monthly to the General Accounting Department of the State and the Department of Finance Ministry of Economy of the amounts of compensation paid by banks and financial intermediaries with the appropriate tax code.

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