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Brexit IVIE change

Brexit IVIE change

Old Mar 19th 2021, 12:30 pm
  #1  
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Default Brexit IVIE change

From 2021 IVIE for UK property will be based on property purchase cost and not the council tax banding.A tax hike?

https://www.ecnews.it/effetti-brexit-sullivie/

Last edited by philat98; Mar 19th 2021 at 1:35 pm.
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Old Mar 19th 2021, 12:40 pm
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Default Re: Brexit IVIE change

I dont think it has ever been based on council tax banding. The AdE always wanted the purchase price, which was great if you owned a house for the last 50 years, less so if you bought last week.
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Old Mar 25th 2021, 12:38 pm
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Default Re: Brexit IVIE change

Is this relevant ?

http://international-adviser.com/big...h-uk-property/

Last edited by Sancho; Mar 25th 2021 at 12:45 pm.
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Old Mar 25th 2021, 4:14 pm
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Default Re: Brexit IVIE change

This was the case: Per l'applicazione della Council Tax, tuttavia, non esiste un valore catastale cui fare riferimento: l'imposta inglese non si basa su un valore puntuale, ma viene calcolata in funzione della fascia di valore attribuita all'immobile; agli immobili è attribuita una fascia di valore minimo ed un valore massimo (espressa con una lettera da A ad H).

Inoltre la stessa Council tax non può essere scomputata dall’IVIE in quanto non è indicata nella colonna 3 della tabella 1 allegata alla Circolare dell’Agenzia delle Entrate n. 28/2012: la Council Tax non ha natura patrimoniale, ma rappresenta un tributo dovuto per il godimento dei servizi locali forniti dal servizio comunale.

I didnt keep track of any changes in recent years, when perhaps it did change (inw which case apologies), but it seems immaterial now!
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