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"A Common Mistake Is to Think that an Empty Flat Does Not Pay Taxes However Treasury Applies 1.1% on the Cadastral Value if It Has Been Reviewed by the City Council"
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Having a second residence or an empty house does not exempt its owners from being held accountable to the Treasury. There is a widespread belief that if a property is not rented and does not generate direct income, it is not necessary to declare it. However, this is an erroneous idea that can lead to consequences. A tax advisor warns: "A very typical error is to think that, since you have it empty, you do not have to declare it," a fairly common…
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