(Finance) – “The Government has put in black and white that the revision it proposes has the specific purpose of preparing a further increase in the already excessive taxation on properties. The Technical-Regulatory Analysis of the Ministry of Economy and Finance, which accompanies the text of the bill, in fact, highlights that the revision ‘is consistent’ with the recommendations of the European Commission which ask Italy to ‘compensate’ for the reduction in taxation on labor with ‘a reform of cadastral values’. The text presented confirms this objective, through a strongly patrimonial approach. Faced with all this, the judgment of the building property association can only be negative. And the parties that voted for this text would declare their desire to increase the tax burden on real estate, first houses included “. This is what the president of Confedilizia, Giorgio Spaziani Testa commenting on the draft law for the revision of the tax system approved by the Council of Ministers on 5 October 2021, – currently being examined by the Finance Committee of the Chamber – which, in article 7, commits the Government to implement an integration of information present in the land registry of buildings throughout the national territory, to be made available starting from January 1, 2026 in order to carry out, starting from that date, a real reform. The objective of the reform is the establishment of a cadastral system based not only on an annuity parameterized to market values, but also on the asset value, with a periodic adjustment of the same values. A theme that has generated a strong discussion by registering different positions between the parties with the center-right which has requested, compactly, the excerpt from the tax delegation of the revision of the land registry.
It is said that the current system is based on estimates that represent theoretical values of the now obsolete and outdated canons. What’s the situation in the main Italian cities?
“The situation is obviously very different from city to city. But any discussion of the cadastral results – linked to the value or income that
are – can not ignore the use that that data wants to make. And since the use is purely fiscal, the thing to say loud and clear is
that the priority is not to reform the cadastre, nor to review the estimates, but to decrease, and by a lot, the taxation on real estate, especially that of the patrimonial type, represented by the IMU (and, in fact, also by the Tari). In any case, the cadastral rents, unlike what is continually claimed, are not at all firm, but continuously modified, on the one hand through reclassification operations that have affected several cities, and on the other for individual properties following restructuring interventions. “.
Beyond specific cases – such as properties currently not registered or that do not respect the real intended use; building land stacked as agricultural; illegal properties – will the possible reform, from 2026 onwards, lead to a general increase in property taxes? If so, who will be most affected? And who will benefit from it?
“What exactly will happen no one can say, for the simple reason that the Government has drawn up an extremely vague and generic rule, which, if approved, would leave the Revenue Agency, given that the mechanism is that of delegation, a free hand to intervene in any direction. The positive fact is that the entire Center-right has formally proposed – through amendments jointly signed by the leaders of all the parliamentary groups concerned – to remove the revision of the land registry from the tax reform. The great political significance of this element, which confirms the intention of a very wide political area to demand respect for the will expressed by Parliament on 30 June last year, when it excluded the land registry from the document addressing the Government for tax reform “.
In your opinion, is an intervention on the land registry necessary within the next 5 years? In case which path, in his opinion, would it be best to follow?
“I repeat: the priority is to reduce taxation on properties, starting with that established by the IMU, which with its 22 billion euros a year
it represents a real boulder on savings and investments of families and businesses “.