Property registration

Leasing value used for built-property tax will be valid for registering property

The Ministry of Finance issued a circular validating the use of the leasing value, calculated to assign the built-property taxes, for the registration of built property transactions.

The circular requested the directorates in charge of assigning the built-property tax to make the leasing value “usable for the registration of the property” at the Administration for Registering Property (Cadastre). When registering a built property, the Cadastre used to take an estimated leasing value to calculate the registration fee.

The circular was based on Legislative Decree 1939 - Article 3 (amended through the Budget Law of year 2000). The article states that the fee for the registration of a built property transaction should be calculated through multiplying the leasing value by 12.5.