Hi, We do not pay TASI this year at all in Italy. Calculation for IMU has not been decided yet in many Municipalities, so what you can do is paying the same amount of last year for the IMU (by using the same IMU code of last year). Then, in December, the Municipality will discount you the over-payment that you have potentially made in June.
Example:
2019 IMU = €100
2020 IMU = ? (Unknown yet)
Then you pay €100 within June 16th.
The Municipality establishes that 2020 IMU is equal to €80 (so you have paid €20 more than what actually due). Then in December you will pay €60. Meaning that you will pay the December tranche of €80 minus the higher amount that you anticipated in June.
Sorry for my basic explanation, but I think simple examples just clarify a bit better.
The category D/2 is made by Hotels, B&B and properties that are used for making a profit.
Therefore, I do not believe you can avoid IMU this June 2020 :( since you use your property with a non-lucrative goal.
If anyone has any doubts, you can check the cadastral registry and see how your property is listed. If it is in D/2 category and you are owner and manager of that property, then you do not have to pay the June tranche.
Because I work with several foreigners who purchased a house in Italy, I have been in touch with many Municipalities, and most of them have not released and calculated the June 2020 IMU yet. So just be patient, but do not forget the expiration date (June 16th, 2020)!
16th of June is the term within which you have to pay IMU. The second rate, as Alan said is the 16th of December.
However there are cases in which this tax is not due in June, due to the pandemic. You can find more info in this short article where it is explained who has to pay, when, and which category are exempted from paying.
In my, but also many other people opinion, tourism will not go back to normal for a while.
I have friends who own restaurants, private touristic beaches and hotels, and they are experiencing a high decrease of bookings. Furthermore the law is still unclear on what/how they can open, rules about social distances etc. It will all depend on the diffusion of the virus after this second phase of lockdown.
Restrictions are still quite severe and, in agreement with Georgette's comment, local tourism will work better than the foreign one.
If you are planning to come to Italy for a holiday, you may manage to come and enjoying it, but it depends on what you are looking for. Going out and visiting towns will probably be possible and enjoyable, but if you come for stay at beaches this is still a big unknown. You may be able to rent a boat! There are not huge restrictions there, as long you follow some rules about how many people you can host on your boat ;) It's an idea! :)))
I can tell you that this seems to be the right moment to buy a property in Italy, even if the lockdown situation is very uncertain.
Price are actually slightly lower, and people from abroad are considering, same as you, to search for a property or, alternatively, a land where to build there house on.
Why do I know this? Because I frequently speak to foreign people who have the same doubts as yours, and to answer some of their questions I forward them this articles, which you might find interesting.
We have also interviewed a Realtor of our trust, and soon we will post an article about how the market is going in Italy during this difficult time. If you are interested, I will let you know once it will be online.
Regarding property taxes and residency, I confirm that property taxes are much lower when you move your residency to Italy. However you have 18 months time from the date of the completion to move it. Both costs for taxes when you buy and annual taxes will be lower, and if you are a first home owner some taxes such are IMU are not due.
If you have any specific query, please just write it here, and I will be pleased to answer them on a professional way, since this is my core business. I hope I can be of help!
I am interviewing a real estate agent in Treviso province this afternoon, and I will share her answers here with you all, so you can have an idea on how the market goes in north Italy or, at least, in Veneto.
If you wish to ask any question before my interview, I will add your queries to my list of questions.
Just kindly be fast, as I am interviewing the R.E. agent in about one hour. Sorry for the short notice.
Hi! Since your intention is to visit Rome, but you also wish to travel around Italy, you can contact me if you come to Sicily (Palermo area), where I leave.
I am Italian, but my profession facilitates me to get in touch with many foreigners, reason why I speak a fluent English, and I am happy to meet people coming form abroad.
I can suggest few nice things to see in Sicily, too!
Hi, As many comments correctly say, learning a bit of Italian would be of great help for you all, especially for the girls. However, Italy is a very warm and welcoming Country and English people are seen as interesting and nice people to become friends with.
I am not sure if our answers to your request of suggestion have been satisfactory. Under my professional point of view, I would also make sure that you feel prepared with the Italian bureaucracy (process of buying or renting a property, choosing the right school, etc.).
If you need more specific suggestions, you can let us know.
I am very pleased to answer all your questions since this matter is very frequent in my life ;)
Your concert about the 2% taxes is very common since there might be a huge difference if you move or not your residency in the Commune where you have purchased your property. You might find this article of your interest: https://www.luxury-law.com/buying-a-first-home-fiscal-benefits/
Also, it would be safer to live in the Country for most of your yearly time, since further checks might incur. It is usually required to spend at least 181 per year (slightly more than 6 months) in the place where you have declared to have your residency.
Moreover, I suggest you to move your residency immediately after your purchase. In fact, IMU and TARI taxes will be calculated starting form your residency application approval, and not from the signature of the deed of purchase. Hope this is clear.
You wrote that you will sign on the 16th and "hope to get the key on that day". Well, I would suggest you to expect and make sure that you do receive the key on that day!
One more suggestion is to always have someone who picks up your letters, in terms of being informed "on time" on any notice (especially if sent by the Revenue Office, etc.).
Re the English agency, I do not see why they should not be mentioned in the final deed.
Finally, you have requested to meet up with someone in Puglia so that you can have a nice chat on this topic. Unfortunately I am not in Puglia, but I can definitely talk on the phone!
I wish you good luck, and I am sure that, a part all your justified concerns, you will be very satisfied on your choice! Puglia is a beautiful place where to live!! :)
Comments posted
Hi, We do not pay TASI this year at all in Italy. Calculation for IMU has not been decided yet in many Municipalities, so what you can do is paying the same amount of last year for the IMU (by using the same IMU code of last year). Then, in December, the Municipality will discount you the over-payment that you have potentially made in June.
Example:
2019 IMU = €100
2020 IMU = ? (Unknown yet)
Then you pay €100 within June 16th.
The Municipality establishes that 2020 IMU is equal to €80 (so you have paid €20 more than what actually due). Then in December you will pay €60. Meaning that you will pay the December tranche of €80 minus the higher amount that you anticipated in June.
Sorry for my basic explanation, but I think simple examples just clarify a bit better.
The category D/2 is made by Hotels, B&B and properties that are used for making a profit.
Therefore, I do not believe you can avoid IMU this June 2020 :( since you use your property with a non-lucrative goal.
If anyone has any doubts, you can check the cadastral registry and see how your property is listed. If it is in D/2 category and you are owner and manager of that property, then you do not have to pay the June tranche.
Because I work with several foreigners who purchased a house in Italy, I have been in touch with many Municipalities, and most of them have not released and calculated the June 2020 IMU yet. So just be patient, but do not forget the expiration date (June 16th, 2020)!
Luxury Law
16th of June is the term within which you have to pay IMU. The second rate, as Alan said is the 16th of December.
However there are cases in which this tax is not due in June, due to the pandemic. You can find more info in this short article where it is explained who has to pay, when, and which category are exempted from paying.
Ciao!
In my, but also many other people opinion, tourism will not go back to normal for a while.
I have friends who own restaurants, private touristic beaches and hotels, and they are experiencing a high decrease of bookings. Furthermore the law is still unclear on what/how they can open, rules about social distances etc. It will all depend on the diffusion of the virus after this second phase of lockdown.
Restrictions are still quite severe and, in agreement with Georgette's comment, local tourism will work better than the foreign one.
If you are planning to come to Italy for a holiday, you may manage to come and enjoying it, but it depends on what you are looking for. Going out and visiting towns will probably be possible and enjoyable, but if you come for stay at beaches this is still a big unknown. You may be able to rent a boat! There are not huge restrictions there, as long you follow some rules about how many people you can host on your boat ;) It's an idea! :)))
Ciao!
I can tell you that this seems to be the right moment to buy a property in Italy, even if the lockdown situation is very uncertain.
Price are actually slightly lower, and people from abroad are considering, same as you, to search for a property or, alternatively, a land where to build there house on.
Why do I know this? Because I frequently speak to foreign people who have the same doubts as yours, and to answer some of their questions I forward them this articles, which you might find interesting.
We have also interviewed a Realtor of our trust, and soon we will post an article about how the market is going in Italy during this difficult time. If you are interested, I will let you know once it will be online.
Regarding property taxes and residency, I confirm that property taxes are much lower when you move your residency to Italy. However you have 18 months time from the date of the completion to move it. Both costs for taxes when you buy and annual taxes will be lower, and if you are a first home owner some taxes such are IMU are not due.
If you have any specific query, please just write it here, and I will be pleased to answer them on a professional way, since this is my core business. I hope I can be of help!
Stay Safe!
I am interviewing a real estate agent in Treviso province this afternoon, and I will share her answers here with you all, so you can have an idea on how the market goes in north Italy or, at least, in Veneto.
If you wish to ask any question before my interview, I will add your queries to my list of questions.
Just kindly be fast, as I am interviewing the R.E. agent in about one hour. Sorry for the short notice.
Ciao!
Hi! Since your intention is to visit Rome, but you also wish to travel around Italy, you can contact me if you come to Sicily (Palermo area), where I leave.
I am Italian, but my profession facilitates me to get in touch with many foreigners, reason why I speak a fluent English, and I am happy to meet people coming form abroad.
I can suggest few nice things to see in Sicily, too!
Let's stay in touch ;)
Hi, As many comments correctly say, learning a bit of Italian would be of great help for you all, especially for the girls. However, Italy is a very warm and welcoming Country and English people are seen as interesting and nice people to become friends with.
I am not sure if our answers to your request of suggestion have been satisfactory. Under my professional point of view, I would also make sure that you feel prepared with the Italian bureaucracy (process of buying or renting a property, choosing the right school, etc.).
If you need more specific suggestions, you can let us know.
Ciao ;)
Hi Sara,
I am very pleased to answer all your questions since this matter is very frequent in my life ;)
Your concert about the 2% taxes is very common since there might be a huge difference if you move or not your residency in the Commune where you have purchased your property. You might find this article of your interest: https://www.luxury-law.com/buying-a-first-home-fiscal-benefits/
Also, it would be safer to live in the Country for most of your yearly time, since further checks might incur. It is usually required to spend at least 181 per year (slightly more than 6 months) in the place where you have declared to have your residency.
Moreover, I suggest you to move your residency immediately after your purchase. In fact, IMU and TARI taxes will be calculated starting form your residency application approval, and not from the signature of the deed of purchase. Hope this is clear.
You wrote that you will sign on the 16th and "hope to get the key on that day". Well, I would suggest you to expect and make sure that you do receive the key on that day!
One more suggestion is to always have someone who picks up your letters, in terms of being informed "on time" on any notice (especially if sent by the Revenue Office, etc.).
Re the English agency, I do not see why they should not be mentioned in the final deed.
Finally, you have requested to meet up with someone in Puglia so that you can have a nice chat on this topic. Unfortunately I am not in Puglia, but I can definitely talk on the phone!
I wish you good luck, and I am sure that, a part all your justified concerns, you will be very satisfied on your choice! Puglia is a beautiful place where to live!! :)