Advantages of listing a building

- For each restoration undertaken it is possible to apply for a government grant of between 30-50% of the cost including professional fees- usually 30% in actually given.

- 19% of the cost can be written off against tax.

- The State pays up to 6% of the interest of the mortgage related to the cost of buying a restoring listed building.

- Inheritance and purchase tax are lesser than normally the case.

- Rental income is hardly taxed at all.

- Property tax is around ¼ the normal level.

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In terms of the cost of restoring a farmhouse in Le Marche, it is not possible to give precise figures because much depends on two important factors. Firstly, the amount of work that has to done and secondly the quality of the materials that are used. A good start is the “Prezziario Regionale” or Regional price list, which gives current cost of all materials and work.

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