2023-07-30 11:14:27
Property tax: how to avoid a fine of €6,000 for an undeclared construction in 2023?
The Property Tax on Built Properties (TFPB) and the precise declarations
In October of each year, property owners must pay the Property Tax on Built Properties (TFPB). However, some do not declare their property correctly to pay less. To avoid this, the tax authorities now check the accuracy of declarations.
Previously, the tax administration used satellite images to verify the declarations, but this did not make it possible to detect all the undeclared constructions. Now, with the “Innovative Land” tool which uses artificial intelligence to compare images from the National Geographic Institute with construction tax declarations, the tax authorities can detect any undeclared construction.
It is therefore important to provide precise and complete information when reporting to avoid a fine of up to 6,000 euros.
Tips for completing your property tax return
With all tax rules, it is important to take steps to avoid a fine. Here are our 3 tips for a successful property tax return:
Stay informed of new tax obligations by following the latest news. Regularly check the information regarding your property to give accurate information to the tax authorities. Use the simulator and online services to estimate the amount to pay and verify all your information.
It is important to note that the property tax might increase this year due to an increase in the cadastral values and the tax rates of each city. Tax rules can also be changed by the government, which can influence the amount of this tax.
Declaring an undeclared construct is a serious matter. The tax administration can now detect any undeclared construction, so it is important to provide precise and complete information to avoid a fine of up to 6000 euros.
If you are a property owner, be careful when preparing your property tax return to avoid a fine and contribute to a fairer tax system for everyone.
In an ever-changing world, staying informed and complying with tax obligations is crucial to enjoying your property with peace of mind. Accurate reporting is the key to avoiding a fine.
Artificial Intelligence to fight once morest tax evasion
The tax administration is now using Artificial Intelligence to reduce the number of frauds. This technology makes it possible to effectively compare IGN satellite images with construction tax declarations, which allows for increased detection of undeclared constructions. Homeowners who fail to declare certain rooms in their home risk a hefty fine of up to 6,000 euros and may even be forced to demolish the undeclared addition.
It is important to note that to avoid such a fine, accurate and complete information must be provided when reporting. To do this, you must stay informed regarding new reporting obligations, regularly check information regarding your home and use online services to verify all information and simulate the amount to be paid.
You should also be aware that the value of the property tax might increase this year due to the 7.1% increase in cadastral rental values and the increase in the tax rate of each municipality. Some property tax exemptions are possible under certain conditions, so it is essential to find out beforehand to optimize your declaration and avoid any unpleasant surprises.
It is more essential than ever to declare any construction to the tax authorities, even the smallest. Indeed, the year 2023 might see an increase in the property tax and a strengthening of the controls of the tax administration.
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