Declaration of inheritance

The NUOVACASA real estate agency has set up a service for easy

SUCCESSION PRACTICES

Computer and support programmes are used to make the preparation of the file easier and safer.
In the event that the intervention of a notary is necessary, as in the case of succession, we will provide several estimates to give you a greater choice.

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We provide advice and assistance for:

• The documentation to be prepared by the heirs;
• Completing inheritance declarations (for real estate, accrued and uncollected instalments, IRPEF refunds) and cadastral registrations;
• The submission, at the competent tax offices, of the inheritance declaration and other related documents;
• The preparation and submission of documentation relating to the 'usufruct reunion' in the event of the death of the usufructuary.

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Succession Practices

The succession opens at the time of death.
If the deceased has not made a will, the heirs, legatees, guardians or curators, executors of wills or persons who, as a result of the declaration of the heir's presumed death, are placed in possession of the property, are obliged to submit the declaration of inheritance within one year from the date of death to the registry office competent according to the last residence of the deceased.
Spouses or relatives in a direct line are exempt from filing if the inheritance does not include immovable property and rights in rem in immovable property and if the overall value of the gross estate (i.e. the total value of the assets and rights inherited) does not exceed €25,822.84.

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Inheritance tax

Inheritance tax covers all assets and rights transferred by reason of death and is payable by heirs, legatees, beneficiaries, and any others called to the estate.
Heirs are jointly and severally liable to pay the entire tax, whereas legatees are only liable to pay the tax for their share.

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Land registration

If there is real estate (land and buildings) in the estate, within 30 days after the declaration has been submitted, the request for transfer must be submitted to the land office (cadastre).
The function of the transfer is to update the cadastral data with regard to both the subjects of ownership and the extent of possession.

CURIOSITIES AND INSIGHTS
Will