The implementing rules change depending on the subject
02/08/2006 - The maxi-amendment to the Bersani Decree introduces a new VAT regime on taxation of real estate. The substantial change from the first version of the measure are the reintroduction of the distinction between manufactured housing equipment and construction, rectification and deletion of detrazione.Dopo the vote in the Senate, the House also approved the conversion law DL 223/06. The commission, in an advisory capacity, had favorable opinions and observations with a few conditions that essentially confirmed the text came from Senato.L 'outcome of here is contained in the report of the plenary on the website of the Chamber of Deputies . The application or exemption from taking Iva respectively depending on the parties involved in the leasing and sale of property, and depending on the type of property. Leases and sales of real estate for residential purposes are exempt from VAT. So are the supplies made by companies (taxable persons) against any purchaser, provided they act within four years from the date of completion of construction or renovation of the building. Compared with the first version of the decree, is therefore reduced from five to four years the period within which the sale of is subject to amendment Iva.La biggest news is the introduction of an optional system of taxation. In particular, the property management business, including leasing, or may choose to pay less VAT, without this resulting in the non-deductibility of the tax. If the companies choose the subject to value added tax are still required to pay a mortgage and land by 4%, and a registration fee fixed amount of 168 euro. The percentage of 4% becomes 2% for real estate funds, leasing companies, banks and financial intermediaries. It becomes 1% of the fee in the case of rent (proportional registration). dell'assolvimento In order of registration 1%, customers must submit a declaration to the Revenue stating that the choice of option for taxation. The option takes effect for each lease. By September 15 the Inland Revenue will issue a decree laying down the procedures and deadlines for the submission of the declaration and payment of tax by 1% on leases already in progress at 4 July subject to Iva.L 'amendment entails also changes also applied to the adjustment of the deduction (Article 35, paragraph 9 of Decree 223/06), which deprive the decree retroactive. This means that it is no longer required to return the VAT already deducted before switch-bis. In particular, do not repay the tax credits for: - all locations or assignments made free of VAT - the manufactured housing that you already have the July 4, 2006, date of entry into force of Decree 223 / 06, provided that the construction or renovation have been completed less than four years - buildings and equipment in respect of which has been specified, in concluding the first act of sale made after July 4, 2006, the choice of ' imposition of VAT. If the building has been built or refurbished for less four years (by July 4, 2002), sales tax is VAT. However, if the works were completed over four years, the sale transaction is exempt from VAT. This involves the compulsory repayment of tax deducted for the construction or renovation, excluding property for which the work was completed before July 4, 2002.
0 comments:
Post a Comment