The flat rate tax is an optional regime, which consists of the payment of a substitute tax for Irpef and additional taxes.
For contracts with flat rate tax registration tax and stamp duty do not need to be paid, ordinarily due for registrations, terminations and extensions of rental contracts. The flat tax does not replace the registration tax for the transfer of the rental contract.
With its infographic, the Revenue Agency reminded us that with the flat rate tax you do not pay registration and stamp duty and that the rent is not cumulated with income. The tax is equal to:
To benefit from the flat rate tax, the property must be registered in one of the categories from A1 to A11 (excluding A10 - offices or private studios) and rented exclusively for residential use. The dry tax regime also applies to any appurtenances rented together with the home (garage, garage, cellar).
The dry tax cannot be applied if the owner or tenant are entrepreneurs or professionals acting in the exercise of their activities.
The flat rate tax can be chosen upon registration of the contract or in subsequent years. The option can be revoked in each year following the one in which it was made. It is important to remember that if you choose the flat rate tax you will waive any update to the rent for the entire duration of the contract.
In providing its response, the Tax Office recalled that the new provisions which provide for an increase in the substitute tax in the form of the flat rate tax apply starting from 1 January 2024, when article 1, paragraph 63, of law no. came into force. 213/2023 (2024 Budget Law).
It is precisely in these days that a circular from the Revenue Agency (circular no. 10/2024) with which a clarification was made:
The new rate of 26% therefore applies to rental income accrued from 1 January 2024, regardless of the date of stipulation of the relevant contracts and the receipt of the fees.
However, it is important to remember that the rate of the flat rate tax will be applied at 26% starting from the second property rented out. The owner who rents out several units therefore has the possibility of choosing one for each tax period for which to benefit from the reduced rate of 21%. The choice must be indicated in the tax return relating to the tax period of interest.
The flat tax can be paid in a single payment by 30 November of the reference year, if the amount is less than 257.52 euros. Instead, it must be paid in two installments if the amount due is greater than 257.52 euros: the first, of 40%, must be paid by 30 June; depending on the remaining 60%, by November 30th.
Grimaldi Padua
Padua - 35137 - Via G. Matteotti, 27
e-mail: padovacentro@grimaldifranchising.it
Tel. +39 49 663 033 - VAT number 05301660287
Grimaldi Cadoneghe
Cadoneghe (PD) - 35010 - Via G. Franco, 2/A
e-mail: cadoneghe@grimaldifranchising.it
tel. +39 049 88 736 56 - VAT number 05322440289