Rural property (prédio rústico)
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A prédio rústico is a plot of land, usually outside built-up areas, used for farming, forestry or livestock, with no economically independent buildings.
Article 204 of the Civil Code defines a prédio rústico as a delimited part of the land together with any buildings on it that have no economic independence.
For tax purposes, article 3 of the IMI Code treats as rural the land outside a built-up area that is not a building plot and is used, or normally intended, for farming, forestry or livestock. Land that is not built on, or has only ancillary buildings of low value and no economic independence, is also rural.
Owning a rural property does not mean you can build a house on it. What can be built depends on the municipal plans.
Example
Illustrative example: a 5,000 m² plot with olive trees and a small tool shed is a rural property. If it also has a dwelling with economic independence, it may be classified as urban or as a , depending on which part is the main one.
In practice, at an auction
Three differences from :
- Base value. In Tax Authority sales, the value of rural property is the taxable value updated by monetary correction factors, or the market value where higher (CPPT article 250).
- IMT. The purchase of rural property pays a flat rate of 5% (IMT Code, article 17).
- Boundaries. Rural plots are often identified only by their neighbours to the north, south, east and west. Check on site where the boundaries lie and whether there is access.
Owners of neighbouring land may have a on the purchase. Before bidding, check with the town council what the plans allow on that land.