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: Running costs of your property |
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Annual Local Council Taxes
Compared to most countries, the local Italian taxes are low and
insurance
is not obligatory. Note that in Italy it is the responsibility of the
property owner to contact an accountant to determine his or her annual
tax return (calendar year). There are two taxes payable each year on
your property in Italy:
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1.
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The ICI (Imposta Comunale
sugli Immobili) is an annual Council Tax determined by the
size and quality of the property and on the particular Comune
you buy in. It is not very high, about 100-200, approximately
0.6% of the declared price of the property usually calculated
for people by a local accountant (commercialista) - due
twice per year, in June and December.
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2.
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Then there is something called
I.R.P.E.F. that you pay to the State. If you become a resident
you are not subject to such tax.
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Capital Gains
Tax
If you sell your property within five years of ownership, you will
have to pay 37% capital gains tax on the profit (if any).
Condominium
expenses
If you buy a property which is part of a group of properties which
share some communal areas gardens, driveway, swimming pool,
tennis court etc. then you will be required to pay condominium
expenses. They vary as to the type and size of communal areas on
the property.
Refuse/ Rubbish
tax
The rubbish collection service (Rifiuti Solidi Urbani) is
about 50-100 payable in 4 instalments; alternatively all at
once.
ENEL (Electricity)
This is a general guideline for the costs for electricity at 3
kWh. Billing every other month and the fixed indicative annual fee
is 51
Prices for consumption:
First 1500 kWh ---> cents/kWh ---> 7.48
1501-2100kWh ---> cents/kWh ---> 22.97
2101-3000kWh ---> cents/kWh ---> 12.64
>3001 kWh --->
cents/kWh ---> 9.12
Telecom (Phone)
Residential Monthly Payment ---> 14.57
Residential ISDN activation ---> 120
Residential ISDN monthly payment ---> 19.84
Billing every other month.
Water
The prices vary from Comune to Comune and are estimated between
0.40-0.70 per cubic meter; billing twice a year. If your
property is found to have water available, another option is to
consider drilling a well.
Gas
The prices will vary from Comune to Comune. If your home is connected
to the mains, the estimated cost would range from 0.50-1.40 per
cubic meter.
If your home is in the country, you may need to have a gas tank installed
in the ground. We have a bulk deal with a leading supplier, so we
can assist you in keeping your costs down.
The easiest way to pay most of these is by direct debit, although
some you will need to pay at the post office.
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Solar energy
Solar energy is about life style, protecting the environment and financial
planning for your future! In fact, the sun generates enough energy
in just 30 minutes to supply the whole worlds demand for one year.
The European Union is eager to promote the use of renewable energies
and offers grants.
Solar electricity can supply power to your home, business premises,
yacht or motor home thus reducing utility bills.
Solar thermal energy
is the heating of water by the sun to provide hot water. We can all
enjoy hot water provided by the sun, substantially reduce our fuel
bills and help to reduce carbon dioxide emissions at the same time.
The heating of swimming pools
is a popular application of solar thermal energy. It is of particular
interest to the many thousands of homeowners who like their pools
to be at a comfortable swimming temperature for an extended season.
How does it work?
Cold water from the stainless steel tank flows through the bottom
tube towards the collector where it is heated. The heated water, which
has less density, rises naturally through the top tube towards the
top of the stainless steel tank where it stratifies in layers of different
temperatures. This process continues throughout the day gaining temperature
each time the water passes through the collector. As the sun sets,
the process stops automatically. This system needs no electricity
to run.
What happens when there is no sun?
On the occasion of insufficient hot water from the sun, the system
controller will automatically activate the immersion heater that is
located in the tank.
With 200 litre systems supplied from as little as 2,700 it really
is time to consider the benefits of solar energy.
Photovoltaic solar
is the supply of energy from the sun to provide the power for lighting
and electrical appliances. It is particularly useful in remote situations
where previously people have depended on perhaps a diesel generator
for power. We can arrange for a system designed to meet your specific
needs, providing you with your own energy resource.
Grants
The European Union is eager to promote the use of renewable energies,
and so reduce our reliance on fossil fuels. As a result, there are
a variety of Regional grants and financial support packages available
to those who chose renewable energy.
We would be happy to discuss the various options with you. If you
do decide to invest in a renewable energy system, we will arrange
for all the necessary paperwork.
Car
According to Italian Law, you do need Italian residency (residenza)
to own a car in Italy, even if you are a citizen of the European Union.
This law is against European Legislation, but it will take some time
before it is changed. So you either become resident in Italy or declare
to be so in an autodichiarazione (auto here means self). In the second
case you might not be able to sell the car if the Italian authorities
find out about it.
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