Contact and office
Where we are and how to book.
OpenAreas served · Turin hillside
Accountant in Borgo Po, Turin
Anyone looking for an accountant in Borgo Po almost always has a question about a property: an inheritance, a home to let for short periods, a sale, a transfer to the children. The practice is in Pozzo Strada, at via Sant'Antonino 52, on the other side of the city: we work by appointment and almost always by video call.
01 · Borgo Po
Accountant in Borgo Po, Turin, at the foot of the hill
Borgo Po is the neighbourhood on the right bank of the river, opposite piazza Vittorio: the Gran Madre church, corso Moncalieri along the Po, via Villa della Regina climbing towards the Savoy residence, the Monte dei Cappuccini. From here begin the roads of the hillside, with villas, apartment buildings with a view and gardens. It is a residential area of families who have lived here for generations, of professionals and of people who chose the hill at the end of their careers.
The neighbourhood's property is valuable and often split between several heirs, several generations, several uses: the home lived in, the one let, the parents' home. The practice's work with Borgo Po is largely this: putting order into the transfers and the taxes that follow from them.
- By public transport: tram or bus from the Vittorio Emanuele I bridge to Porta Nuova, then line 1 towards Fermi to Pozzo Strada. About half an hour.
- By car: corso Moncalieri or corso Vittorio heading west, to piazza Rivoli. About twenty minutes outside rush hour.
- By video call, with land registry records and deeds shared on screen.
- By appointment, in the office or remotely.
02 · Heirs
The inheritance of a house on the hill
An inheritance in Borgo Po usually involves several properties, hillside land with some outbuildings, company shares, accounts and securities. The return must be filed within twelve months, and every item has a value to determine and a tax to calculate. Done methodically, it avoids years of missing land registry transfers and forgotten shares.
Reconstruction
Land registry searches by person in every municipality, account statements at the date of death, list of shareholdings. Assets nobody remembered often come to light.
Valuation
Buildings are valued using the revalued cadastral income; land using the land income; securities at market value. Shareholdings using net assets.
Return
Online filing with self-assessment of the mortgage and cadastral taxes, and of inheritance tax above the allowances.
Land registry transfers
Updating the land registry in the heirs' names, without which you cannot sell and the IMU (municipal property tax) keeps being addressed to the deceased.
The allowances for spouse and children are high and many inheritances pay no inheritance tax, but the mortgage and cadastral taxes on properties are paid in any case, except for the reduction for the first home of one of the heirs. It is a detail that changes significant sums.
03 · Tourism
Letting for short periods near the Gran Madre
Proximity to the centre and the view over the river make the flats of Borgo Po well suited to short-term lets. It is an activity that brings income and obligations: tax, municipal and public security. Doing it properly from the start avoids penalties, which are frequent in this sector.
| Obligation | Who it is addressed to | Note |
|---|---|---|
| National identification code | The Ministry, through the database | It must be shown in the listing and in the property |
| Guest notification | Questura (police headquarters), within twenty-four hours | For every guest, even for one night |
| Tourist tax | Comune di Torino (the municipality) | Collected from the guest and paid with the periodic declaration |
| Cedolare secca (flat tax on rental income) | Agenzia delle Entrate (the Italian Revenue Agency), in the return | Ordinary rate on the first property, increased from the second |
| Platform withholding | Withheld by the platforms | Recovered as an advance payment in the return |
| More than four flats | Business activity | A partita IVA (Italian VAT number) is needed and the whole regime changes |
The page on short-term lets sets out the steps in order. For anyone wanting to let long-term, the comparison with the agreed-rent contract is worth making: lower gross yield, but reduced cedolare secca, reduced IMU and no day-to-day management.
04 · The choices
Selling, giving, keeping: the taxes of each choice
Anyone with several properties sooner or later has to decide what to do with them. Each route has a different tax cost, and the one that seems simplest, such as a gift to the children, has consequences that show up years later.
- Sale: the capital gain is taxed if you sell within five years of buying, except for your main home and inherited properties.
- Gift: allowances as for inheritance, but a gifted property is hard to sell or mortgage for twenty years.
- Bare ownership: the children become owners, the parents keep the use and pay the IMU as usufructuaries.
- Free loan for use to a child, with a registered contract and IMU halved if the conditions are met.
- IMU on second homes and villas, at the Comune di Torino's rate and with the outbuildings beyond the first.
- Trust and family pact for estates with a business or a company to hand over.
Financial assets abroad
Anyone with accounts, securities or property outside Italy has an extra section to complete.
- Section RW for accounts, deposits, securities and crypto
- IVIE on foreign property and IVAFE on accounts
- Foreign income with the credit for taxes paid abroad
- Specific penalties for omission, even with no tax due
05 · CAF services
Tax returns, domestic workers and ISEE for families in Borgo Po
Alongside the decisions about assets there are the filings of every year. The tax return of someone with several properties usually requires the Redditi form, with the buildings, the rents under the cedolare secca, financial income and any foreign sections; for those with only a salary or pension the 730 (the simplified return) is enough. Many domestic workers and carers work in the neighbourhood's homes, with quarterly contributions and the deduction in the return. The ISEE (the Italian means-test indicator) is needed less often, but for the children's university and for the social and health care fees of elderly parents it must be done with the right household, and with several properties the calculation of assets needs care.
Frequently asked
The questions that keep coming up
My father left us the villa on the hill and a flat in the centre. How much inheritance tax is paid?
For children there is a high allowance for each heir, below which no inheritance tax is paid. On the properties the mortgage and cadastral taxes are paid in any case as a percentage of the cadastral value, reduced to a fixed amount if one of the heirs claims first-home relief.
The exact calculation depends on the cadastral values and the number of heirs. With the land registry records we do it in a meeting.
I would like to let the two-room flat on corso Moncalieri through a platform. Do I need a partita IVA?
No, as long as the flats used for short-term lets number at most four and the activity remains occasional. The income is taxed under the cedolare secca, and the platform applies a withholding that you then recover.
You need the national identification code, the guest notification to the questura and the Comune's tourist tax. These are obligations to set up before the first guest.
Is it better to give the house to the children now or leave it as an inheritance?
The taxes are similar, because the allowances are the same. A gift, however, makes the property hard to sell for twenty years, because of possible claims by the other heirs, and shifts IMU and responsibility to the children immediately.
Often bare ownership with a reserved usufruct is the middle way. We discuss it with the family's complete situation, not with a single property.
Do I have to come to the office for the inheritance?
Usually not. Documents and land registry records are shared on screen, the return is filed online and the taxes are paid by direct debit. Signatures are collected in the ways provided for.
The Pozzo Strada office is about twenty minutes by car from Borgo Po, if you prefer a meeting in person.
Let's talk
Before selling, giving or letting, the calculation should be done once
Taxes on the transfer, future IMU, capital gains, the effect on the children's ISEE: every choice moves another. Bring us the land registry records and we build the full picture.