Inherited house sales taxes: what are they and how to behave?

Until that moment, in fact, the heir cannot legitimately dispose of the property and, therefore, cannot proceed to resell it. Since 2017, the cadastral transfer application can be submitted directly online from the Revenue Agency website or through a real estate agency acting as an intermediary.

• heirs and legatees, even in the case of opening the succession due to the declaration of presumed death, or their legal representatives;
  
• those placed in the temporary possession of the absentee's assets;
• the administrators of the inheritance and the trustees of existing inheritances;
  
• the executors of the wills.

Conversely, those who renounced the inheritance before the expiry of the deadline for submitting the declaration of succession are exempt from the obligation to submit the declaration of succession.

HOW IS THE SUCCESSION TAX CALCULATED?

• 4%, for transfers in favor of a spouse or relatives in a straight line to be applied on the total net value, exceeding for each beneficiary, the amount of 1 million euro;
• 6%, for transfers in favor of brothers or sisters to be applied on the total net value, exceeding for each beneficiary, 100,000 euros;
  
• 6%, for transfers in favor of other relatives up to the fourth degree, of the collateral relatives up to the third degree, to be applied on the total net value transferred, without applying any deductible;
• 8%, for transfers in favor of all other subjects to be applied on the total net value transferred, without applying any deductible.

Law no. 104 of 1992, finally, provides for an additional deductible, equal to 1.5 million euros, for transfers made in favor of people with disabilities.

SUCCESSION TAX PAYMENT

For amounts over 1000 euros, the payment can also be made in installments, provided that at least 20% is paid within 60 days. The remainder can be paid in eight quarterly installments (twelve, for amounts exceeding 20 thousand euros), on which the interest calculated from the first day following the payment of the first installment is due.

OTHER TAXES ON THE SALE OF INHERITED PROPERTIES

• cadastral tax, due to carry out the cadastral transfer;
  
• mortgage tax, provided for all formalities of transcription, enrollment, renewals, cancellations and annotations in public real estate registers;
  
• stamp duty; 
• expenses and ancillary charges, such as, for example, secretarial expenses.
  

These taxes must be paid every time a property is inherited, even before submitting the inheritance declaration. The payment of the sums due must be made by debiting the current account.