3249 Taxes on property Restoration in Marche

Cna anyone tell me what rate of tax I will have to pay on labour and materials for a 'recupero di un edificio ex rurale per civile abitazione' ?
Planning permission is approved and we have signed the contract with the builder using the geometra as Project Manager. The Computo metrico estimativo shows the Quantity /prices etc as per 'the book' but I am not sure if taxes are applied to these figures and at what rate.
Initially we won't be living in it full time but within 2-3 years of final completion are selling up in the UK and retiring to Italia so I do not know if there are different rates of tax depending on circumstances.

Also we are going green and using a combination of pellet boiler and solar panels for space / hot water heating. Are any grants / tax concessions available for such things? I suspect the money will have run out for the former but perhaps there may be some of the latter available.

Category
Building/Renovation

Submitted by Anonymous (not verified) on Wed, 04/12/2006 - 17:19

Well, the computo metrico will not include whatever rate of IVA is applicable to your project. This is a moveable (political) feast, and can be a maximum of 20% (IVA is the equivalent to British VAT) - or could be 10% on some items of expenditure, depending....
Your geometra is the best person to answer this question!
As to grants for such things as solar heating - whatever "state" money is available to help, it will almost always be based on a reduction which you will be able to use against your Italian income tax return.........are you making an Italian tax return?
I think you would be wise to budget for adding 20% IVA to your computo metrico, plus at the very least another 10% (+IVA = 12%!) contingency. That is being optimistic!!
Good luck - at least you have got to the professional level of receiving a computo metrico, so it sounds as if you are in good hands.

Submitted by Anonymous (not verified) on Thu, 04/13/2006 - 02:58

[FONT=Times New Roman][SIZE=3]A Computo Metrico Estimativo is only a bill of quantities/itemised list of works. It is not a definitive proposal and is subject to change.[/SIZE][/FONT]

[FONT=Times New Roman][SIZE=3]The total figures given on this document are net. On top of this you have to add:[/SIZE][/FONT]
[LIST]
[*][FONT=Times New Roman][SIZE=3]IVA lavori of 10% (VAT on the work carried out by the contractor)[/SIZE][/FONT]
[*][FONT=Times New Roman][SIZE=3]Spese Tecniche (Geometra’s professional fees, which on [U]average [/U]come to around 10% of the value of the renovation project – you need to check with your Geometra)[/SIZE][/FONT]
[*][FONT=Times New Roman][SIZE=3]IVA Spese Tecniche, which is 20% of the professional fee[/SIZE][/FONT]
[*][FONT=Times New Roman][SIZE=3]Responsabilita Sicurezza. This is a charge made by the Geometra or architect for site health and safety and is usually 1% to 3% of the contract value. This will also be subject to IVA at 20%[/SIZE][/FONT]
[*][FONT=Times New Roman][SIZE=3]Geometra’s also charge an additional percentage called contribuito integrativo (I’ve seen 4% being charged by some). An architect will charge 2% for the INARCASSA contribution (all of this plus IVA of 20%)[/SIZE][/FONT][/LIST][FONT=Times New Roman][SIZE=3]If you buy materials yourself, the IVA is 20%. [/SIZE][/FONT]
[SIZE=3][FONT=Times New Roman]Imprevisti (contingencies) vary between 5% to 15%. [/FONT][/SIZE]

[SIZE=3][FONT=Times New Roman]What you need to be careful of is the Parcella Professionale and Lettera di Incarico. Make sure that this spells out exactly what services you have agreed to and what the total fee will be. [/FONT][/SIZE]

[FONT=Times New Roman][SIZE=3]Watch out for things like spese forfettizzate, or fixed expenses that can amount to 30%. Some of these estimates and Parcella’s can be confusing so don’t sign any agreements or contracts until you are absolutely sure. [/SIZE][/FONT]

Submitted by Anonymous (not verified) on Sun, 04/16/2006 - 16:49

[QUOTE=Charles Joseph]
[FONT=Times New Roman][SIZE=3]Watch out for things like spese forfettizzate, or fixed expenses that can amount to 30%. Some of these estimates and Parcella’s can be confusing so don’t sign any agreements or contracts until you are absolutely sure. [/SIZE][/FONT][/QUOTE]

Charles,

Are you saying there shouldn't be a charge for fixed expenses or is 25-30% normal?

Ian