Yes, there are special tax breaks for first time home buyers:
• VAT and/or registration tax equal, respectively, to 4% and 3% (instead of 10% and 7%);
• Substitute tax on the purchase of your first home equal to 0.25% of the total mortgage disbursed (instead of the rate of 2% applied to the purchase of your second home);
• Fixed mortgage registration and land register fees equal to €168.00 each (instead of 2% and 1% of the purchase);
• Deduction of the TASI service tax, at the discretion of individual municipalities;
• Deduction of mortgage interest expenses: this corresponds to 19% of the cost incurred by way of interest expenses relating to the mortgage loan taken out for the purchase of your main abode. The tax break can also include the cost of bank investigations and reports, the mortgage taxes paid, and the cost of the relating notary mortgage deed (excluding the cost of the sale deed), up to a maximum of €4,000: therefore, the maximum tax deduction applicable is €760. The beneficiary is the buyer of the property, and must also be the holder of the mortgage agreement.