937 Prima Valenza

My Dad say's this tax has been abolished. Is he right? If so, is property development on the rise in Italy. God forbid that it will ever be like here!

Maria Lucia

Category
Legal

Obviously I meant "PLUS valenza" - ML

If you mean INVIM, that was a tax payed by the vendor at the moment of the contract on capital gains in real estate purchases, I confirm it has been abolished.
When you sell you don't pay anytihng.
In only one case you could pay a tax and it is when you sell within 5 years with a gain (plusvalenza) in this case the gain (difference between the 2 prices) should be considered in your annual income. Considere that thanks to the declared price system, gains are rare to be showed.
Another hypotesis is whed you sell a buildible land, in this case you must always consider the gain even if you sell after 5 years from your purchase