AFTER PURCHASE All requirements for those who have bought a house *** NOTARY - GIOVANNI MARIA PLASMATI CHIETI, Via Spaventa, 7 - uff. sec. FRANCAVILLA AL MARE, piazza Sirena, n.8 Tel. 0871.348750 (2 lines) - Fax. 0871.348991 - studio.plasmati@notariato.it www.notaioplasmati.it UNIQUE MUNICIPAL TAX (IMU) The IMU, which replaced the ICI , you pay in two installments, by June 16 and December 16, with the F24 model (in bank or post office), on the cadastral value of the property. Those who buy the house must not present any communication, but it is better to inquire at the Municipality about the amount to be paid, because the rates are set locally. The month in which the deed of sale is stipulated is at the expense of those who have owned the property for at least 15 days. Discounts are available for the main house (with registry residence). INCOME TAX (INCOME TAX) The personal income tax (IRPEF) is no longer due on properties used directly, because it has been replaced by the IMU. The leased properties are instead subject to Irpef, but for homes you can choose to pay the so-called "dry coupon" on the rent (art. 3 of Legislative Decree 23/2011). TAX ON URBAN SOLID WASTE (TARSU) The buyer of the property must go to the Tax Office of the Municipality to communicate the data necessary for the calculation of the tax on municipal solid waste, by January 20 following the purchase. You must provide your personal data, the tax code, the date from which the property is used, the number of people who will live in the house and the square meters of floor space of the property (net of internal and external walls), excluding the terraces but including cellars and garages. For uses other than home, the entire floor area must be considered, including cellars and the like. It is also necessary to notify the competent Municipality of the termination relating to the previous home, because the cancellation is not automatic. TRANSFER OF THE RESIDENCE If you go to live in the new house, remember to communicate the transfer of residence to the registry office of the Municipality in which it is located, bringing with you an identity document, the tax code, the driving license and the registration certificate ( booklet) of the vehicles registered to you. The Municipality of the new residence will communicate the transfer to the Municipality where you previously had the residence. If for the purchase you have requested the benefits on the first house, and you do not already have the residence in the Municipality where the property is located, do not forget to transfer it within 18 months of the deed. However, it is advisable to transfer it as soon as possible to benefit from the facilities on the main house for IMU purposes. Driving license and booklets. You will receive by mail the adhesive labels with the new address to be applied on driving license and registration papers. Identity card. The identity card remains unchanged until its expiry. ASL. If the transfer of residence takes place in the territory of the same ASL and it is not intended to change the family doctor, no communication is required. Otherwise you have to go to the new ASL of belonging and choose a new family doctor. Mail. You can activate the "Follow me" service to have the mail sent to the old one forwarded to the new address. Just go to a post office or on the website www.poste.it. Banks and insurance companies. The transfer of residence must be communicated to the bank and the insurance company, by registered mail or directly in the branch or agency. VAT number. Who has the VAT number must communicate the change of residence to the Revenue Agency, within thirty days of communication to the Municipality, with the appropriate form. Business Register. Who is registered in the Register of Companies, also as a shareholder or director of a company, must communicate the new residence to the Chamber of Commerce. Subordinate workers. The transfer of residence must be promptly communicated to the employer for the practices relating to contributions, INPS, INAIL, etc .. INPS. The transfer of residence must be communicated to INPS (or another pension fund). Inps Pavia, Viale Cesare Battisti 23/25, tel. 0382/3961 (www.inps.it). RAI fee. The transfer of residence must be communicated within 20 days, indicating the subscription number, writing to the Inland Revenue - Provincial Directorate - Territorial Office in charge or from the website www.abbonamenti.rai.it. TAX CREDIT FOR FIRST HOUSE REPURCHASE Anyone who bought the first house, sold it, and repurchases another one within a year, is entitled to a tax credit. If the deed of purchase is subject to VAT, the tax credit cannot be used immediately, but must be included in the tax return presented the following year. Don't forget it. DEDUCTION OF LOAN INTEREST LIABILITY Those who have taken out a mortgage loan for the purchase of the main house, their own or their family members, can deduct from the income tax for the year in which they paid the mortgage installments of 19%, interest expense and ancillary charges paid on the basis of the loan, up to an amount of 4,000 euros. The savings that can be obtained can therefore reach 760 euros for each year of mortgage duration. The deduction of passive interest on the loan is allowed even when the facilities for the purchase of the first home have not been requested, and must be distributed among all the holders of the mortgage, therefore each of them can deduct only their own share of interest from taxes . However, if the mortgage is made out to both spouses and one of them is fiscally borne by the other, the deduction is up to the latter for the whole. The ancillary charges, deductible in the year in which they are paid, include the substitute tax, the preliminary and appraisal costs and the notary fees for the mortgage, but not the insurance. The tax deduction of interest is allowed when: the property is purchased by the borrower (the deduction is for those who buy the bare property, but not for those who buy the usufruct); the property is intended for the principal home of the borrower or his family member (spouse, relatives within the third degree and related within the second degree) within one year of purchase. (the separated spouse remains among the family members until the divorce; afterwards, the deduction is recognized to the borrower who has transferred his usual home if the property continues to be the main home of the children; the destination of the mortgage to purchase the main home may result from the mortgage deed, from the property purchase deed, from a bank certificate or from a substitute declaration); the purchase of the property takes place in the year preceding or following the date of the stipulation of the loan (if a real estate unit subject to building renovation work is purchased, resulting from an authorization, the deduction is due from when the apartment is used as habitual residence, and in any case within two years from the purchase; if the house, at the time of purchase, is rented to third parties, the deduction is on condition that the buyer notifies the tenant of the eviction for finished lease within three months of purchase, and use the property as your main home within one year of its release). DEDUCTION OF THE COMMISSION PAID TO THE REAL ESTATE AGENT Those who purchased their main home can deduct from the tax return presented the following year 19% of the commission paid to the real estate agency for intermediation, up to the amount of 1,000 euros (for a saving that can therefore reach 190 euros). Facilitations for the first home need not have been requested. One thousand euros is the maximum amount of the commission for each purchase, and if the house is purchased by several people (for example husband and wife) the commission must be shared among the co-owners based on the co-ownership shares. TAX DEDUCTION FOR RENOVATIONS If you have purchased a completely renovated house or a newly built appurtenant garage, check the possibility of requesting the tax deduction of 50% of the expenses incurred. We also remind you that, from 1st January 2012, any deduction due to the seller will be transferred to the buyer, unless otherwise agreed. UTILITIES Electricity. The supply of electricity can be requested by phone (toll free number 800-900.800), via the internet (www.enel.it) or at a QuiEnel counter. For a new building, personal data and tax code of the new owner are required, the number indicated on the label on the meter, the power required and the address for invoices. Whoever takes over an existing user must communicate the name of the previous holder, the customer number (it is on the invoice) and the meter reading, in addition to the personal data and the tax code of the new user, both in the event that this contract is still active (transfer), and in the event that the contract has been terminated by the old holder (takeover). Gas and water. For gas and water, contact the counter of the competent company. You must bring an identity document, the tax code and, for gas, the declaration of conformity of the system. For direct takeover, the seller must present a utility bill and meter reading. If you do not go in person, you need a written proxy and a photocopy of your identity document. Phone. To request new systems or to move an existing line, simply contact your preferred fixed line operator. ADMINISTRATION OF THE CONDOMINIUM The purchase of an apartment in a condominium must be communicated to the administrator, so that he can proceed to the correct charging of the condominium expenses and calculate any adjustment due by the seller for the installments not yet expired at the time of the deed.