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Guide to the Registration Tax on the First Home

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Are you thinking of buying your first home, and you want to understand when and how to pay the registration tax? If so, you've come to the right article, because here we explain everything you need to know about first home registration tax.

1. What is the First Home Registration Tax?

The registration tax is an indirect tax, payable to the state for the registration of any type of deed, both public and private. The amount of the tax is calculated on the basis of percentage rates, which are applied to the value of the contract.

If you are buying your first home, the registration tax will be paid on the value of the property, since the value expressed in the contract is precisely the price you pay to obtain ownership of the apartment.

2. What is the First Home Registry Tax Rate?

If at this point you are already starting to worry about all the money you will have to spend, in addition to the mortgage and notary fees, we have good news. There are various concessions on the first home, and some of these concessions also concern the registration tax.

If you buy a house from a private individual, the registration tax rate is 2%. If this rate still seems too high to you, consider that it is a reduced rate. In fact, until 2013 the rate was 3%.

This rate is also lower than the rates due for those who buy a house from other subjects. If you buy a house from a company with sales subject to VAT, in fact you will have to pay 4% of the price of the property.

These are also reduced rates compared to the rates for second homes. If you want to make a comparison, to understand how much you save, read our article on the registration tax on the second home.

3. Who is entitled to the benefits on the first home?

You are entitled to benefits on the purchase of your first home if you answer yes to each of the three questions below:

  • are you buying a civil type home, or alternatively one that falls into the categories of economic, popular, ultra-popular, rural, detached houses, or in the category of homes and lodgings typical of the places?
  • Is the house located in the territory of the municipality where you have established your residence?
  • Don't you own any other property, not even co-owned, or by way of usufruct, use or home, or bare ownership?

If you answered yes to all the questions, you are entitled to the benefits on the first home. If you answered no to even one of these questions, unfortunately you will not be able to access these benefits, and therefore the registration tax to be paid will be calculated differently.

Description: Registration-Tax-on-the-First-House

To know the rates that apply in your case, we recommend that you read our article on the registration tax on the second home.

4. I am buying a new house, and soon after I will sell the old one. Can I access the Registration Tax Benefits?

Yes, because you actually only own one house. The concessions on the first home, which also cover the registration tax, also apply to those who:

  • is already the owner of a property, purchased with the benefits for the first home?
  • is buying a second home
  • will sell the old house within 12 months of purchasing the new property

5. I have received an Inheritance Apartment. What is the Percentage of the Registration Tax?

If you have received an apartment as an inheritance, you will be able to pay the registration tax in the amount of 2%. Also in this case the concessions provided for the first home apply. So within 12 months you will have to:

  • sell the property you received as a donation
  • sell the property where you live now

6. I received an apartment as a donation. How do I calculate the registration tax?

In the case of free donations, the tax must be calculated at the rate of 2%, provided that you:

  • sell the property received as a donation within 12 months
  • sell the property where you live within the same period of time

7. What Happens If I Can't Sell the Property Within 12 Months?

Unfortunately, this is an eventuality that can happen, given the crisis in the real estate market. In general, in the deed of sale of the new apartment, or even in the declaration of succession or in the deed of donation, we undertake to sell the house within one year.

If this does not happen, unfortunately the benefits on the registration tax are lost. So you will have to pay the registration tax for second homes, and also pay a fine of 30%. The only way to avoid paying the penalty is to immediately declare the forfeiture of the concession to the Revenue Agency.

So as soon as you realize that you will not be able to sell your first home within a year, you will have to immediately file an application at the Revenue Agency office where you registered the purchase agreement. You will still have to pay the registration tax for second homes, plus interest. But at least you will avoid the 30% penalty.

8. What Happens If I Sell My First Home, and Buy Another Within 12 Months?

If you have sold your first home, to buy another within 12 months, you will be entitled to a tax credit. The tax credit is equal to the registration tax you paid on the purchase of your first home. You can use this tax credit:

  • to reduce the amount of registration tax payable on your new first home
  • to reduce the amount of mortgage tax, or other taxes
  • to reduce personal income tax, or even other taxes to be paid with the F24 model

The code to be used to enjoy the tax credit is the tax code 6602.

9. What happens if I give the property in exchange?

The rules that we have summarized for you above apply not only to traditional buying and selling, but also to real estate exchange.

10. I was told that the registration tax is also due on the preliminary sale. It is true?

Yes. The preliminary sales contact must in any case be registered within 20 days of signing. Therefore, the registration tax will also be paid on this contract. On the preliminary, however, a registration tax of a fixed amount of 200 euros is due, regardless of the price of the property.

But be careful, because this rule is valid only if the preliminary sale does not provide for any payment. If the transfer of a sum takes place both as a confirmatory deposit and as an advance on the price of the apartment, the registration tax is due on these sums. Here are the rates

  • on the sums paid as a deposit, a rate of 0.50% is applied
  • on the sums paid as an advance, a rate of 3% is applied

The amounts of the registration tax on the preliminary sale of the first home will be deducted from the registration tax that you will pay at the conclusion of the final contract.

In some cases, these amounts can even be repaid. This is the case in which the registration tax you paid for the confirmatory deposit or even for the down payment is higher than the tax to be paid for the definitive contract.

11. What happens if the preliminary procedure concerns a contract subject to VAT?

If you are buying a house from a company with sales subject to VAT, for example a construction company, the registration tax on the preliminary sale is as follows:

  • if you pay a deposit on the price of the property, the registration tax on the preliminary is due in the fixed amount of 200 euros
  • on the confirmatory deposit the registration tax is calculated proportionally, applying a rate of 0.50%

12. How do you pay the registration tax?

The registration tax must be paid directly to the notary, at the time of the deed. Your notary will then pay it to the state.

In this article, we've answered the 12 most common questions about first home registration tax. The Gromia Blog offers useful information for those seeking to navigate the real estate and rental market. If you have any other doubts, or even if you need tax or legal advice, contact your accountant or even your trusted lawyer.




posted Nov 17 by Royal Noobs Plays

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According to the American Diabetes Association, 25.8 million suffer from diabetes. That equates to nearly 9% of the U.S population. Diabetes remains a major health concern for the world. In 2010, 1.9 million people over the age of 20 were diagnosed with diabetes within the United States.

Are you at risk for diabetes? Diabetes can affect anyone regardless of weight, race, or income.

What is Diabetes?

Diabetes is a disease that is brought about through the metabolic process within the body. It occurs when our body is not able to make insulin, or not able to make enough insulin to regulate the levels of glucose within our blood stream. This leads to high blood sugar (glucose) levels, and eventually to cardiac disease.

There are many forms of diabetes, as a disease. The three forms that are most significant are Type 1 diabetes, Type 2 diabetes and Gestational diabetes.

=> Type 1 Diabetes is an auto-immune reaction that the body experiences. The exact reason for this event is not fully understood at this time. What happens is that the body's defense system (immune system) attacks and destroys the cells that are responsible for the formation of insulin. Without those cells, blood sugar levels increase and the body is not able to regulate glucose levels within the blood.

=> Type 2 Diabetes is one of the highest diagnosed forms of diabetes. This type of diabetes occurs when the body becomes insulin deficient or resistant. It is often associated with dietary problems and is found in people from all walks of life, though obese people tend to be more at risk.

=> Gestational Diabetes occurs when the female body undergoes high blood sugar levels during pregnancy. It is fairly common in pregnant women with an appearance ratio of 1:25 women/pregnancy. Gestational diabetes disappears after pregnancy ends, though 50% of women who experience gestational Diabetes become type 2 diabetics as they age.

What Causes Diabetes?

Diabetes is caused by genetics. Type 1 diabetes is the result of gene interaction, and many outside factors that science has not yet isolated. You can ask your doctor to test you for the diabetic gene.

Type 2 diabetes is related to genetics as well, but dietary (lifestyle) choices also play a role in the development of this disease. Diet is not the only outside factor. Your heritage, ethnicity and family history can all play a role in whether or not you develop diabetes. Obesity is not a deciding factor, though diabetes does affect obese people. Type 2 diabetes can affect people of any weight and any ethnicity.

What are the Symptoms of Diabetes?

The symptoms of diabetes vary from one person to the next, and in the degree of magnitude between type 1 diabetes and type 2 diabetes. Physically, you may find that you urinate more often, and as often as once per hour.

You might also experience an extreme thirst. In most people, hunger and thirst feel the same so you may interpret that feeling as being constantly hungry.

Problems with eyesight are another symptom. Blurry vision is often associated with diabetes.

Are you tired all of the time? Chronic fatigue is another symptom. Losing weight even though you seem to be eating more is also a symptom. Physically, you might notice that your hands and feet are more sensitive. People may experience numbness, pain in their hands or feet, or may even feel like they are falling asleep. Slow healing of cuts and the slow dissipation of bruises are both signs of diabetes.

What Treatment Options are Available for Diabetes Relief?

The first step in treatment is diagnosis. Sadly, there is no known cure for diabetes, yet being diagnosed early helps to manage symptoms more effectively.

Type 1 diabetes requires the use of insulin for the remainder of one's life. Exercise and weight control can also help to decrease the symptoms of type 1 diabetes. Monitoring blood glucose levels is part of the daily treatment for type 1 diabetes. Dietary restrictions help to control blood sugar levels and to slow the progression of symptoms.

Type 2 diabetes also requires diagnosis. Type 2 diabetics monitor blood sugar daily. They also should adapt to a healthy diet and a lifestyle that involves regular exercise. In more advanced cases, oral medication or insulin may be prescribed. The goal is to prevent or slow the progression of the disease.

The Prevention of Diabetes

The two activities that can help to prevent diabetes are changes in lifestyle, that include adhering to a healthy diet and routine regular exercise with a focus on healthy weight goals. There is no prevention of Type 1 diabetes, though there are good indications that a healthy diet, regular exercise and a healthy weight can push the onset of type 2 diabetes back until late in life.

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Ashtanga Guru Pattabhi Jois' most famous quote is “Practice and all is coming”. With these words, I believe he means that by consistently opening the body and mind through yoga, truth reveals itself to you in time, and with truth comes a deep peace.

For many of us, a regular yoga practice may be a difficult thing to establish. Here are some tips to help you get started. 

1. Create a comfortable spot for your yoga practice

If you have an extra room that you can devote to your yoga, great! Having your yoga mat unrolled and out all the time is certainly inviting.

Most of us, however, have to be more flexible and create a space when we want to practise. Try and find a spot where it's peaceful and quiet, with as much space around you as possible. An empty piece of wall can be handy too since the wall is a great prop. If you like, it can be nice and even helpful to create some atmosphere with a candle or an incense stick.

Things like candles and incense are just extras, and by no means necessary to practise yoga. You can do yoga anywhere as long as you have enough space around you without the risk of bumping into tables, chairs, etc. I've practised in the living room with my husband there, having his breakfast and reading the paper, even commenting now and then. Not ideal, but I still got my practice in, which is the most important message of this article.

So be creative and get on your mat no matter what! Create the best space you can and enjoy your practice!

2. Get your yoga accessories

All you really need is a yoga mat, preferably non-slip. The yoga mat market is huge but it's worth paying a little more for a good quality mat that suits your needs and will last a long time. Blocks are a great addition but they can be replaced with books and other household things. A bolster is also nice to have, but for years I used a stack of pillows and blankets instead.

Accessories and even a yoga mat are by no means a prerequisite to practise: I have been in places where there was no yoga mat, and I found a piece of carpet to practise on. I've even practised on beds in hotel rooms where there was no space to roll out a mat. Just be creative... no excuses :-)

3. Stay safe, prevent injury

This is one tip with no shortcuts. Always watch your boundaries and especially be mindful of your body’s vulnerable areas. Particularly vulnerable areas are knees, hips, spine and neck. If you feel any painful sensations, adjust, soften, come out of the pose if you need to. Don’t force or push.

Warm up your body properly before attempting more advanced poses, and keep checking in if it feels okay to be in a pose. Be especially mindful during transitions between poses or when moving in or out of poses - these are moments of a potential risk of injury because we tend to pay less attention to our alignment.

4. Choose your yoga style / routine

What are you going to do when you are on your mat? The first question to ask is..... “What do my body and mind need?”

Something active to get the juices flowing or something more soft, restorative, to quiet your body and mind? If you don’t know, you can let us help you find your style or use our 'Surprise me' button. The more you do yoga, the more you learn the effects of different practices and the more you learn to recognise what it is your body and mind need at different times.

If you pick an online class, don’t get stuck in reading too many class descriptions. The nature of the mind is to look for the perfect class to solve everything. That class doesn’t exist; you have to make it yourself. You can also decide to pick a yoga programme where we've put together a series of classes that fit well together or choose from Collections, playlists of classes your fellow members and EkhartYoga teachers have compiled.


5. Always relax with Savasana

It is really important to give your body time to relax in Savasana after a yoga practice. The nervous system needs time to assimilate the benefits it has gained during the practice. You can otherwise feel unnecessarily wired after a yoga practice, especially after an intense yoga class.

6. Practise yoga regularly

Even practising yoga once a week is beneficial! Three times a week is great, every day is great too. What works for you? If it’s very important for you to achieve goals, then it is much better to set a goal of practising three times a week, being able to do it and feeling proud of yourself, than to set a goal to practise every day and feeling bad if you do only three times a week. A feeling of failure usually just makes you skip practices even more. So, be honest, set realistic goals, and do what you can. A 10 minute yoga practice is still a practice and definitely counts.

7. Enjoy your practice!

Don’t overdo it; if you don’t enjoy your yoga practice you will never keep it up. It should be something you look forward to doing. Maybe try another style of yoga or teacher if you feel like yoga is becoming a chore.

We don't provide medical advice, diagnosis or treatment. See additional information.