A new digital file containing detailed data on real estate owned by more than 7 million taxpayers was created in AADE.
This is the Register of Property Ownership and Management, the new electronic platform of AADE, which will include all information on the properties of taxpayers from their basic characteristics such as the type of property, area, location, floor, electrified, not finished, vacant, co- the amount of ownership until and if they are rented or given free of charge, the amount of monthly and annual rent, the details of the tenants.
According to AADE’s planning, the Registry will be completed in September, will be connected to the data of the Land Registry and put into production by the end of the year.
The new electronic file for immovable property of taxpayers will include:
- The details of the electronic Portfolio, created with the E9 declaration of natural and legal persons. Portfolio data will be transferred, without the intervention of taxpayers. Then the property owners will check their property image and if they find discrepancies or omissions they will proceed with the corrections.
- Data on rented properties obtained from the AADE electronic platform for renting real estate as well as the E2 form of tax declarations where the incomes obtained by taxpayers from rents are recorded.
- The new special application is also accessible to tenants who can see the properties they are renting and when they notice discrepancies (for example, lower rent than they paid to the property owner) or it appears that the rented property is not declared that they are obliged to declare the properties they rent and the amount – rents they pay.
- In this way, AADE can directly check the properties declared for rent as well as the amount of rent collected and declared by the owners and tenants. The Register of Real Estate Ownership and Management is automatically updated each time the rental information statement is submitted by the property owner and accepted by the tenant of the same property.
Also, this Register is automatically updated every time an owner declares the termination of the lease of a property.
Land registry
At the same time, the Registry will be connected:
n With the electronic file of income tax returns of natural and legal persons, so that the income obtained by the owners from the exploitation of their real estate can be filled in AADE in form E1 and E2 in their tax returns, and the expenses of tenants for the payment of leases that can be pre-filled in their own E1 forms and that no additional action to fill out the data is required by the owners and the tenants.
n In the data declared in the National Land Registry, to identify and correct the differences in the descriptive data of the properties declared by private individuals and the State, but also to reveal and record the differences and claims between by private individuals and the State. of disputed lands.
It was noted that the project to create the Registry of Property Ownership and Management and its connection with the Land Registry was implemented using funds from the Recovery Fund.