Law 58/2019 - The news for the real estate sector
Rental fees not received
According to the provisions of article 3 - quinquies: the tax payer - for lease contracts for residential properties stipulated as from 1 January 2020 - is allowed to benefit from the tax exemption for fees not received without having to wait for the conclusion of the proceedings validation of eviction, but proving its non-payment at an earlier time, or through the payment order or the eviction notice for arrears. Currently, to have the right not to pay the Irpef it is necessary to wait for the conclusion of the jurisdictional procedure of eviction validation for non-payment of the tenant and a tax credit is recognized for the previous period.
Deductibility of the Imu
Article 3 progressively increases the percentage deductible from the business income and from the professional income of the Imu due on the instrumental buildings, until reaching the total deduction of the tax at full speed starting from 2023 (tax period subsequent to that in course to 31 December 2022).
Elimination of sanctions for failure to notify the dry coupon
Article 3-bis provides for the repeal of the obligation to communicate the extension of the dry coupon and the relative sanction provided for in paragraph 3 of article 3 of the legislative decree 14 March 2011, n. 23.
New IMU-TASI declaration terms
The deadline for the presentation of the IMU / TASI declaration is shifted, with article 3-ter, from June 30th to December 31st of the year following that in which the tax assumption occurred. Article 3-quater eliminates the declarative obligations relating to the possession of the requisites for benefiting from the Imu and Tasi facilities for buildings granted on a free loan to relatives in the first-line direct line, as well as to benefit from the benefits on leased-to-rent buildings agreed.
Identification code for accommodation facilities and short leases
The Growth Decree with Article 13-quater introduces the identification code for leases for "short-term rentals", thus introducing legislation to combat evasion in the tourist-receptive sector. First of all, it is established that real estate intermediaries residing in Italy, belonging to the same group of non-resident intermediaries who have not appointed a tax representative, are jointly and severally liable for the payment of withholding tax and fees related to short lease contracts. The data relating to the generality of the persons lodged at the receptive structures, supplied by the Ministry of the Interior to the Revenue Agency in an anonymous form and aggregated by accommodation, are transmitted to the Municipalities that have established the tourist tax or the residence permit for monitoring purposes. At the Ministry of Agriculture and Tourism, a special database of accommodation facilities and buildings intended for short leases is established, identified according to an alphanumeric code, to be used in any communication concerning the offer and promotion of services to user, allowing access to the Revenue Agency. Holders of accommodation facilities, intermediaries and parties managing telematic portals must publish the aforementioned identification code in the "communications concerning the offer and promotion of user services", on penalty of a fine of between 500 and 5 thousand euros.
Duration of subsidized lease agreements
Article 19 bis establishes that in the absence of the communication of renouncing the renewal of the facilitated rental contract (3 years + 2), to be sent at least 6 months before the expiry of the two-year period, the contract is “tacitly renewed, at each expiry, for a further two years.
Taxation facilitated for old buildings. Facilities for energy efficiency and seismic risk reduction
Article 7 introduces the facilitated taxation regime to encourage interventions on old buildings, in order to achieve high energy classes and in compliance with earthquake regulations. For energy efficiency and seismic risk reduction operations, the tax payer who is entitled to deductions may opt, instead of using them directly, for a contribution of the same amount, in the form of a discount on the amount due, anticipated by the supplier who carried out the interventions and reimbursed the latter in the form of a tax credit to be used exclusively in compensation, in 5 equal annual installments. The supplier who made the interventions in turn has the right to assign the tax credit to its suppliers of goods and services, with the exclusion of the possibility of further transfers by the latter. In addition, the beneficiaries of the deduction for some energy saving interventions (eg installation of plants based on the use of renewable energy sources) will be able to opt for the sale of the corresponding credit in favor of the suppliers of the goods and services necessary for carrying out the interventions . The person who carried out the interventions will in turn have the right to transfer the tax credit to his suppliers of goods and services, with the exclusion of the possibility of further transfers by the latter and of transfer to credit institutions and financial intermediaries.
Incentives for building enhancement
Until December 31, 2021, the registration tax and mortgage and cadastral taxes will be applied in the fixed amount of 200 euros each for transfers of entire buildings in favor of construction or real estate restructuring companies, which, within the next 10 years , provide for the demolition and reconstruction of the same, even with volumetric variation with respect to the pre-existing building, where permitted, or carry out, on the same buildings, extraordinary maintenance interventions, restoration and conservative restoration, building renovation. All of this, in accordance with the anti-seismic regulations and with the achievement of the energy class NZEB, A or B, and on condition that the companies proceed to the subsequent alienation of the buildings.
The exemption of the tax for indivisible services (Tasi) is also envisaged starting from 1 January 2022, in article 7 - bis, for buildings constructed and intended for sale starting from 1 January 2022. In particular they are exempted from the payment of the TASI the buildings built and intended by the building company to the sale, as long as this destination remains and are not in any case leased.
Sismabonus for purchases of real estate units
The deductions envisaged for seismic risk reduction interventions carried out by demolition and reconstruction of entire buildings are extended to buyers (within 18 months from the date of completion of the works) of the real estate units included in the areas classified as seismic risk 2 and 3. The deduction it is equal to 75% or 85% (depending on the reduction of the seismic risk) of the purchase price of the real estate unit for a maximum spending amount of 96,000 euros.
Refinancing of the Guarantee Fund for the first home.
Article 19 provides for the refinancing of 100 million euros to the "Guarantee fund for the first home", established with the stability law for 2014 for the granting of guarantees, on first demand, on mortgage loans or on mortgage portfolios mortgages for 2019. At the same time, the minimum percentage of the loan to be set aside to cover the risk is reduced from 10% to 8%.
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