The taxes relating to the purchase of real estate, it is well known, weigh quite a bit and therefore where "discounts" can be obtained from the tax authorities we try to take advantage of them, but when is this possible and to what extent?
The measure for the purchase of the so-called "first home" is, in the case of purchase from a private individual and therefore subject to registration tax, of 3% to which 129.11 euros must be added for fixed mortgage tax and the same for the cadastral tax; if the property is purchased by a business or company, the tax to which the transaction will be subject is VAT which will be 4%, to which mortgage and land registry taxes must be added in the amount indicated above.
Incidentally, the taxes must be calculated on the value "declared" in the notarial deed and the savings compared to the "non-subsidized" tax rates are 7% and 6% respectively.
But what are the conditions to be able to request these benefits?
1. it must be the purchase of a property intended for residential purposes
2. the property must be located in the Municipality where the buyer has his residence or establishes it within 18 months of purchase, or where he has his business.
3. the buyer must not be the exclusive owner or joint owner with his spouse of the rights of ownership, usufruct, use and habitation of another residential house in the same municipality where he purchases.
4. the purchaser must not be the owner, not even in shares, even in the legal community regime, throughout the national territory, of ownership, usufruct, use and habitation rights and bare ownership of another residential house purchased directly or even by the spouse taking advantage of "first home" benefits. It is important to specify that the benefits also concern appliances but only one per type: for example, if I purchase two garages with my house, one will discount the preferential taxes, while the second will not.
Having obtained these benefits, it is necessary to pay close attention to the "rules" for the resale of the property: in fact, if this occurs within five years of purchase, the taxman will ask for the difference in unpaid taxes for having taken advantage of the benefits (therefore approximately 6/7% of the declared value) as well as a surcharge equal to 30% of the same taxes.
However, all this is not due if you resell before five years have passed from the purchase, but you do so to repurchase, within one year of the sale, another property to use as your home. Everything may seem quite complicated at first reading, for those who have doubts we recommend contacting any real estate agency where, free of charge and better than anywhere else, they will give you exhaustive explanations. Arch. Paolo Padovani
source: by Paolo Padovani
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