[BUYING AND SELLING REAL ESTATE IN ITALY] 143
Cadastral tax: fixed amount of € 50,00. If the seller is a company whose sales are subject to VAT, the latter is reduced to 4% and all the other taxes listed above are due in the fixed amount of € 200,00. On the other hand, when the “first house benefits do not apply, the tax duties are estimated as follows: If the seller is an individual or a company whose sales are exempt from VAT: Registration fee: 9% of the final purchase price; Mortgage tax: fixed amount of € 50,00; Cadastral tax: fixed amount of € 50,00. If the seller is a company whose sales are subject to VAT, the latter is in the amount of 10% (or 22% in case of high-quality dwellings, villas and historical-artistic buildings), and all the other taxes listed above are due in the fixed amount of € 200,00.
procedures alternatively,
are
published;
or,
o
printed publications, available free of charge at the Courts or available for purchase at kiosks. 2. Report consultation Once the asset of interest has been identified, it is advisable to read the report drawn up by the consultant appointed by the judge, to assess the condition of the real estate. 3. Judge’s ruling Of extreme importance is the examination of the sale order issued by the Judge, which contains the conditions for the offer, including i) the amount of the deposit to be paid, which shall not exceed one tenth of the target price and the term within which to pay it, ii) the minimum amount of the increase to be made to the offers, iii) the term, not exceeding sixty days from the award, within which the price shall be deposited and the methods of deposit, iv) the date and place where the auction will be held. Everyone, except the debtor, can submit an offer for the purchase of foreclosed real estate, personally or by means of a solicitor, in the registry of the property enforcement section of the competent Court. The offer must be filed in a sealed envelope, on the outside of which is noted, after identification, of the person who materially provides for the deposit, by the receiving registrar, the name of the execution judge or the delegated professional and the date of the hearing fixed for the examination of the offers. 4. Opening the envelopes If the sale takes place by auction at the hearing set in the sales order, the judge's
-
-
-
o
o
o
-
III B) Auction An important segment of the real estate market is made up of auction sales, resulting from real estate foreclosures. The methods for participating to an auction for the purchase of real estate are as follows: 1. Consultation of portals / publications It is possible to consult the internet portals connected to the Courts, with reference to the place of interest, on which the announcements relating to the auction sales of the foreclosed properties in the various executive
ILN Real Estate Group – Buying and Selling Real Estate Series
Made with FlippingBook Online newsletter