PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Italy suffers massive real estate tax evasion, illegal building - survey
Roughly 500,000 homes or more than 15% of Italy's rental stock goes undeclared to tax authorities, a gap worth an estimated e1bn of unpaid tax, according to a new government survey. The survey is Rome's first-ever attempt to cross-reference the nation's property records with financial records, an effort aimed at increasing systemic transparency and spearheaded by land registry custodian Agency of the Territory (Agenzia del Territorio) and the Finance Ministry's IT arm Sogei. Officials found 3.8m legal rental structures but 4.3m families who rent, leaving a gap of 500,000 unaccounted for, housing 1.2m people.