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Building and Farmland for Sale: Everything You Need to Know

Building and Farmland for Sale: Everything You Need to Know - Homes with land for sale: here are the tips for a conscious purchase

Building and farmland for sale

Land for sale: many good reasons to buy

Buying land means securing ownership of a lot on which to build or to be allocated to the agricultural activity. To direct the choice is the purpose for which you want to buy: those who want to build a house will focus attention on the areas provided as residential by the planning tools. Those who need to build commercial buildings will turn their gaze towards the outlying areas with respect to the town. Direct growers and those interested in starting or upgrading an agricultural business have a particular interest in buying agricultural land as they benefit from favourable tax treatment, not forgetting that the purchase of land in mountainous areas is also facilitated. The purchase of land can today materialize an opportunity for investment real estate convenient and not susceptible to negative fluctuations in the value of immobilized capital, provided that you have the care to check whether the land:

  • it is located in a strategic area from a road point of view
  • is located in an area with urbanization services present
  • is placed outside of any respect band.

Building land sale: things to know before you buy

A land is considered edifiable when it is defined as such by the general urban planning tools adopted by the municipality. Buildingability is closely linked to urbanization and depends on multiple factors. First of all, each municipality has a Plan of Interventions that identifies urban areas, dictating the implementing regulations and each parameter that allows you to determine how much and how you can build. It must also be considered that the building areas in the urban area are subject to building indices that, starting from the useful area of the lot, allow to determine the volume obtained from the construction. And we cannot forget the existing urban regulations that impose specific limits on design and implementation.

As regards the sale price, three factors contribute to determining the value of the area: the level of urbanization (the presence of roads and parking lots, connections to sewerage, methane, water, energy, sewerage), the location (near or not to the center, location in a residential or isolated area) and the constraints imposed on the area in question. In the case of the sale of building land, taxation varies depending on the nature of the seller. If the seller is a private individual, the sale is subject to the register tax equal to 9% of the sale price (with a minimum of 1,000 euros) and the mortgage and land tax equal to 50 euros. If, on the other hand, the seller is a company, VAT is owed 22% of the sale price, in addition to the register, mortgage, land tax (equal to 200 euros each) and stamp duty of 230 euros. In the case of the construction of the first house and if the selling company proceeds to build the property on the lot, the VAT drops to 4%. With regard to the payment of the IMU, the tax base for the purpose of the payment of the tax is given by the joint venal value of trade with reference to the territorial area of location, the building index, the intended use, the charges for any land adaptation work necessary for construction and the average prices detected on the market by the sale of areas with similar characteristics.

Farmland Sale: The Factors to Consider

The selling price of agricultural land is conditioned by a plurality of factors, which must necessarily be taken into account and weighted during negotiations with the seller, as these are characteristics that affect the marketability of the lot, even in the case of subsequent unmobilism. The extension is the first since it catches the eye, but equally important are the type of culture practiced or practicable, the proximity to a waterway or irrigation channels, the shape and height of the soil. It is also important to remember the convenience of access and the proximity of more or less busy roads, the presence of neighbouring farmers who are direct or entitled to agricultural preemption and the possible existence of third-party rights or constraints imposed by urban planning instruments.

Finally, the land-related land-related aspects, including the Dominican income and the type of crop to which they are intended, deserve to be considered. For the purposes of the calculation of the IMU for agricultural land, the tax base is obtained by applying a multiplier of 135 to the amount of the Dominican income resulting in the land register (revalued by 25%). It is not due to the IMU if the municipality in which the land is located is classified as a mountain common.

Selling farmland: tax treatment

When buying agricultural land, the tax treatment varies depending on the type of person making the purchase. If the buyer is a direct grower or a professional agricultural entrepreneur who benefits from the small farm property facilities and is registered with the appropriate social security and welfare management, the register tax and the mortgage tax totalling 400 euros is due, while the land tax is equal to 1% of the set price (with a minimum of 200 euros).

The aforementioned tax breaks can also be used by persons who are not direct growers or professional agricultural entrepreneurs but who appear to be spouses or relatives in a straight line of direct growers or professional agricultural entrepreneurs registered in the social security and welfare management, cohabitants of the same and already owners of agricultural land.

If, on the other hand, the buyer is a direct grower or a professional agricultural entrepreneur who does not benefit from the concessions reserved for small peasant property, the register tax is 9% (with a minimum of 1,000 euros) and 100 euros are owed between mortgage and land tax.

Finally, if the buyer is not a direct grower or a professional agricultural entrepreneur, the register tax due is 15% of the price set for the sale (with a minimum of 1,000 euros), while the total amount of the mortgage tax and the land tax is 100 euros.

If there are stables, warehouses or farmhouses at the bottom, the purchase of these artefacts also benefits from the facilities provided for the agricultural land, provided that these buildings are actually placed in the service of the land itself.

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