What is wrong with Italy Mag ???Submitted by Kensington2 on Fri, 01/29/2010 - 05:33
What is wrong with Italy mag - when I try to post a new message the message box does not appear and I have to reply to my own thread??? Very confusing!!! I am currently trying to find out what the IVA rate is on new builds. I will be knocking my house down and re-building a new one and I have been told that the rate is 4% and 10%. Does anyone know, for real, what it is??
ivaSubmitted by sebastiano on Fri, 01/29/2010 - 07:42
In reply to What is wrong with Italy Mag ??? by Kensington2
yes,that is how it is as far as i'm aware because over time there have been frequent changes. bear in mind however that NOT all the things you will buy for your new build have that lower vat rate so for some things you will still be charged 20%.In fact in order to benefit from any vat reduction it is necessary that (thru your geometra) you produce duplicate declarations to be used to give to the various different artisans who without an official declaration are not obliged to reduce the vat at all as this is delicate stuff (otherwise they can get in trouble)
Just to further clarify, fromSubmitted by Badger on Fri, 01/29/2010 - 09:24
Question: if I own aSubmitted by AngieL on Mon, 03/22/2010 - 19:33
Question: if I own a rental property (never declared as prima casa) and I decide to build a house for myself on my land (I have development rights) would the IVA on the new house still be 4%? It wouldn't be my first property in Italy but it would be the first property I claim as prima casa.