YOu will need an APE - your energy certficate and that and the catastal data must be written into the contract. The fees for registration are 200 euros, tax stamps fo 16 euros for every 4 pages and a percentage of the annual rent. Fees to be paid by F24 prior to the registration of the lease.
If the property is furnished you can techincally only offer it on a contratto transitorio (up to 18months). Your rental income is taxable in Italy and needs you to complete a tax return in Italy. The tenant would pay utlities - they would be trasnferred into their name. The IMU remains at the charge of the landlord. The rubbish would be at the charge of hte tenant. The contract must be registered at the Agenzia dell'Entrate with the due fees and stamps. A returnable bond is allowed, but when you return it you must add interest to the sum.
If you are resident in Italy then you are fiscally resdient in Italy and subject to Italian tax law. You are not resident in the UK. This means that your worldwide income has to be declared in Italy and subject to teh tax agreements you can deduct what tax you have paid in the UK: However, you must fill in a tax return in Italy, and in addition pay Italian surcharges because you have patrimony abroad. You can revoke your residency just by going to the anagrafe and telling them you are emigrating back to the UK - you will have to notify who needs to be notifed - comune, bank, ENEL etc - and nominate a UK address for your residency there.
What the vendor is doing is not illegal - he can sell the property he has title to, and he can sell the property as long as his usucapione is transcribed. Its also not that unusual. However, the agent should have told you, and I would say he had an obligation to tell you. If the usucapione has been transcribed then the notary is satisfied that the original owners cannot be traced, and the likelihood of them turning up is virtually zero. In cases like this you take a bet, you can buy a property for much less than the market value, and end up with something fantastic - like buying at an auction. However, do it with your eyes open - I would say there are grounds for a denuncia with the regard to the agent - especially if he was wiling to have you sign a compromesso without you knowing the full situation.
The short answer at the moment is don't take residency if you can avoid it. There is a difference on paper between anagraphical residnecy and tax residency, however the procedure in Italy does not allow for a choice. You are either resident or not. Obviously if you are in Italy for more than 183 days a year, you have no choice - you are deemd to be fiscally and anagraphically resident in Italy. For someone in your position, the only advantage in being resident would be a smaller council tax charge, and a saving on your electricity and bank charges. That is is. If you opted for Italian residency now, after owning a house for ten years, you would still need to prove to Italy that you have enough money to live on and not be a burden on the state - so full health insurance would be required, as well as the S1. You would be eligible for IVIE and IVIFE taxes on any patrimony held outside Italy - ie your house, bank accounts, business investments and business - on which you would pay varying amounts of tax per year to Italy. You would need an accountant in Italy to file your tax return, and claim things back under the double tax treaty. In short, it would be costly and time consuming. If you are not required to become an Italian resident - then I would advise you to avoid it, if at all possible.
Mainly it depends where you are and how big the land is. If there is any possibility that the cubatura of the land can be used for building then the value goes up. If its a piece of land, and thats it, then with current land prices it wont cost alot. It does depend whats growing on it, if anything. You can call a local FIAIP estate agent and ask them what the median price is for land in your area, and Im sure they would help if they can.
You must have a numero civico, ie a house number, but the intO added by the comune means Interno 0, which means nothing, as I presume it is not an apartment in a condominium. I have 4 addresses, all which are equally valid, but the comune uses one, the postman another and so on.
Trilly is not absolutely right. Under Italian law, if you died tomorrow the property would be divided between your wife and children, depending how many children you have - but basically 50/50. You can choose now whether you want your Italian property to be treated under UK law simply by being British national, but you will have to write a holographic will that says this, in Italian and in longhand. To put someone on the deeds is not simple. It would take a sale or a donation - both have a cost and a donation can be contested within 10 years of it being made.
Comments posted
YOu will need an APE - your energy certficate and that and the catastal data must be written into the contract. The fees for registration are 200 euros, tax stamps fo 16 euros for every 4 pages and a percentage of the annual rent. Fees to be paid by F24 prior to the registration of the lease.
If the property is furnished you can techincally only offer it on a contratto transitorio (up to 18months). Your rental income is taxable in Italy and needs you to complete a tax return in Italy. The tenant would pay utlities - they would be trasnferred into their name. The IMU remains at the charge of the landlord. The rubbish would be at the charge of hte tenant. The contract must be registered at the Agenzia dell'Entrate with the due fees and stamps. A returnable bond is allowed, but when you return it you must add interest to the sum.
If you are resident in Italy then you are fiscally resdient in Italy and subject to Italian tax law. You are not resident in the UK. This means that your worldwide income has to be declared in Italy and subject to teh tax agreements you can deduct what tax you have paid in the UK: However, you must fill in a tax return in Italy, and in addition pay Italian surcharges because you have patrimony abroad. You can revoke your residency just by going to the anagrafe and telling them you are emigrating back to the UK - you will have to notify who needs to be notifed - comune, bank, ENEL etc - and nominate a UK address for your residency there.
What the vendor is doing is not illegal - he can sell the property he has title to, and he can sell the property as long as his usucapione is transcribed. Its also not that unusual. However, the agent should have told you, and I would say he had an obligation to tell you. If the usucapione has been transcribed then the notary is satisfied that the original owners cannot be traced, and the likelihood of them turning up is virtually zero. In cases like this you take a bet, you can buy a property for much less than the market value, and end up with something fantastic - like buying at an auction. However, do it with your eyes open - I would say there are grounds for a denuncia with the regard to the agent - especially if he was wiling to have you sign a compromesso without you knowing the full situation.
This measure has been put on hold until September, which basically means it has been annulled. Dont worry about it
The short answer at the moment is don't take residency if you can avoid it. There is a difference on paper between anagraphical residnecy and tax residency, however the procedure in Italy does not allow for a choice. You are either resident or not. Obviously if you are in Italy for more than 183 days a year, you have no choice - you are deemd to be fiscally and anagraphically resident in Italy. For someone in your position, the only advantage in being resident would be a smaller council tax charge, and a saving on your electricity and bank charges. That is is. If you opted for Italian residency now, after owning a house for ten years, you would still need to prove to Italy that you have enough money to live on and not be a burden on the state - so full health insurance would be required, as well as the S1. You would be eligible for IVIE and IVIFE taxes on any patrimony held outside Italy - ie your house, bank accounts, business investments and business - on which you would pay varying amounts of tax per year to Italy. You would need an accountant in Italy to file your tax return, and claim things back under the double tax treaty. In short, it would be costly and time consuming. If you are not required to become an Italian resident - then I would advise you to avoid it, if at all possible.
If you paid to state and comune you would have paid 50% each, instead of paying 100% to the comune. Keep your proof of payment and forget about it.
Mainly it depends where you are and how big the land is. If there is any possibility that the cubatura of the land can be used for building then the value goes up. If its a piece of land, and thats it, then with current land prices it wont cost alot. It does depend whats growing on it, if anything. You can call a local FIAIP estate agent and ask them what the median price is for land in your area, and Im sure they would help if they can.
You must have a numero civico, ie a house number, but the intO added by the comune means Interno 0, which means nothing, as I presume it is not an apartment in a condominium. I have 4 addresses, all which are equally valid, but the comune uses one, the postman another and so on.
Trilly is not absolutely right. Under Italian law, if you died tomorrow the property would be divided between your wife and children, depending how many children you have - but basically 50/50. You can choose now whether you want your Italian property to be treated under UK law simply by being British national, but you will have to write a holographic will that says this, in Italian and in longhand. To put someone on the deeds is not simple. It would take a sale or a donation - both have a cost and a donation can be contested within 10 years of it being made.