Imu and Tari, but also registration tax, land registry tax, VAT, flat rate tax. The homes of Italians «are burdened by a long list of taxes and duties paid by the owners, a veritable jungle that now risks becoming increasingly burdensome». The list was drawn up by Codacons who, after the words of Giancarlo Giorgetti on the remodulation of cadastral income he fears a further increase.
– The first taxes arrive already at the time of the sale. In fact, anyone who buys a property incurs registration tax, VAT, mortgage tax and land registry tax. Anyone who buys a house from a private individual (or from a company that sells VAT exempt) must pay a registration tax of 2% (for a minimum amount of 1,000 euros) for the first house, 9% on the second house, on cadastral value of the property. The mortgage and land registry taxes are both 50 euros. Those who buy a house from a builder are required to pay VAT at 4% in the case of a first home (10% on a second home, 22% on luxury properties), registration, mortgage and cadastral tax, with a fixed value of 200 euros each. The costs of any notary fees are added to the total amount.
– Taxes do not spare even donated or inherited properties, even if with a significant exemption. In transfers by gift or inheritance, indirect taxes are due, in particular the inheritance and gift tax, which varies depending on the relationship of kinship or marriage between the settlor and the beneficiaries: from 4% applied for direct relatives or spouses for the value that exceeds 1 million euros, up to 8% without deductible for all other subjects. Furthermore, the mortgage tax equal to 2% of the value of the property and the cadastral tax equal to 1% of the value of the property must be paid (a fixed amount of 200 euros for both taxes in the event that the donated property become your first home).
– Gains from the sale of a property are subject to capital gains tax: when you resell real estate within 5 years of its purchase, the gain from the sale (the capital gain) is subject to a 26% substitute tax.
– Irpef or dry tax, stamp duty and registration tax are then paid on rentals. If Irpef is paid, the income from the properties is cumulated with the owner’s other income and taxed according to the established rates. For flat rate tax, however, there is a tax rate of 21% of the rent, which drops to 10% for contracts with an agreed rent. There is also a stamp duty (16 euros for every 100 lines and for any attached sheet) and a registration tax equal to 2% of the annual fee, with a minimum of 67 euros (for contracts with an agreed fee on the 2nd % on 70% of the annual rent).
– Finally Imu and Tari. The first is paid only on second homes and on first ones considered luxury. The value of the tax depends precisely on the cadastral income on which the controversy has arisen in recent days and on the rates set by the Municipalities. The waste tax is instead calculated with a fixed quota determined on the basis of the surface area of the property and a variable quota based on the number of occupants of the home.