752 Buying 2 properties on 1 plot of land.

Hi there,

My name is Andrea. Me and my partner are moving to Puglia to purchase 2 properties once our house in the UK has been sold.

After reading various 'moving to italy' books we have learnt that you pay more tax for your 2nd property.

We have seen quite a few plots of land with 2 properties on. Does anyone know if this would count as 1 purchase or would we still need to purchase it as 2 properties - paying 2 lots of tax.

I hope this make sense!

Thank you, Andrea

Category
Property Sales/Rental Advice

This is a question that the Notaio will answer for you

Having just done something like this it seems that you will pay more tax for the 2nd. property. Depends on their status of course - Agro/urban. For one you may be able to claim 'prima casa' (first home) and pay only 3%, as long as its less than about 180 sq mtrs. - for the other its likely to be 10% - and the land, that will be about 18%. (all these percentages would be based on the 'declared value', not what you actually pay)

If 'prima casa', you will have to take up residency within 18 months and cannot sell within five years otherwise you pay the discounted tax, but dont't take my word for this - make sure that the Notaio sees your question.

good luck

Thanks for your reply. We'll try and find a good nataio!

Andrea

each one of you buy ONE property , in this manner each
can have a first home property - for italian's laws it's
possible have separate residence , even if married
if not married ..... BETTER !!

Ugo

Andrea,

There is a 'bona fide' notaio who contributes hugely to this forum - Go to 'members list', look under 'Notaio' and find him - send him a private message if you want, but public responses are useful to us all.........

good luck

Ugo

I am surprised by what you have said. when we bought our property I didn't want my name on the deeds just my husband and son. We were told by family members that under Italian law that wasn't possible and that was confirmed by the geometra and the notaio. We were told that a married couple had to own property jointly.

Susi

susi..

you were and are mis informed...

your name does not have to appear... indeed when we bought our house here it was only my wifes name.... we tried to cut down on the amount of time doing the bit in front of the notaio and if my name had been there i would have had to have had an interpreter and it all read in english as well... as it was it only took about three hours... and having been involved in several more purchases that was quite quick ... i feel quite safe about the whole thing as under italian law i have a right to a certain percentage of the house because we are married ... so maybe that is what they were trying to tell you

John is spot on (again) they were amazed when we wanted both names on the deal, then they couldn't grasp the same surname thing, and the complications following my wifes death have made me wish I'd listened at the time...

[QUOTE=Andrea]Hi there,

My name is Andrea. Me and my partner are moving to Puglia to purchase 2 properties once our house in the UK has been sold.

After reading various 'moving to italy' books we have learnt that you pay more tax for your 2nd property.

We have seen quite a few plots of land with 2 properties on. Does anyone know if this would count as 1 purchase or would we still need to purchase it as 2 properties - paying 2 lots of tax.

I hope this make sense!

Thank you, Andrea[/QUOTE]

What are you going to buy?
land or house?
what do you mean with "2 properties on"?

If the property of the estate is a joint property of 2 or more people (i.e. an hineritance) ther's only one purchase: all the owners will sell you jointly.
If you have 2 separate and different estates - i.e. 2 plots of land or 2 houses - one owned by a person and the other by another person, of course you'll have 2 separated purchases.

Some words about wife and housband....
It's not a matter of italian law, but of english law.
If under english law one of the member of a married couple can buy separately from the other (should be so if I well remember), then there are no problems with your italian purchase: the law regulating the patrimonial relations between spounses is the law of the spounses, so the english law, for the most of you.

It would count as 1 property . to make sure go to the catasto and check how the properties are registered, but I am sure the register can be updated via a Geometra.

Paola