Digital profiles for owners and tenants coming soon

AADE is creating a new digital file containing detailed information on real estate owned by more than 7 million taxpayers.

This is the Property Ownership and Management Register, the new electronic platform of AADE, which will include all the information of the taxpayer’s property, including the basic characteristics of the property, such as property type, area, location, floor, electrification, unfinished, vacant, cooperative, etc. The amount of ownership, if it is leased or granted free of charge, the amount of monthly and annual rent, and the details of the tenants.

According to AADE’s plan, the registry will be completed in September, interconnected with the land registry’s data, and put into use by the end of the year.

The new taxpayer real property electronic file will include:

• Details of electronic portfolios created using E9 declarations of natural and legal persons.

The portfolio’s data will be transferred without taxpayer intervention. Owners will then check their property images and make corrections if they find discrepancies or omissions.

• Rental property data obtained from the AADE Real Estate Rental Electronic Platform and Form E2 of the tax return recording the taxpayer’s rental income.

Tenants will also have access to a new special application where they will see the properties they rent and will be obliged to declare the property they rent and the amount of rent they paid if they discover a discrepancy (for example, the rent is lower than what they pay to the property owner) or discover that the property they rent has not been declared.

This way, AADE will be able to directly cross-check properties declared rented out and the rent amounts collected and declared by owners and tenants. Every time a rental information form is submitted by an owner and accepted by a tenant of the same property, the real estate ownership and management register will be automatically updated.

Furthermore, the register is automatically updated every time the landlord announces the termination of the property lease.

Land register

• Providing electronic files of the income tax returns of natural and legal persons so that the income received by the owner from the development of his real estate is pre-filled by AADE in the E1 and E2 forms of his tax return, as well as the expenses paid by the tenants for rent, which are also pre-filled in their own E1 form, with almost no additional data filling operations required by the owner and the tenant.
• Data declared in the National Land Register are used to identify and correct discrepancies in descriptive data on private and state declared property, while also revealing and capturing differences and claims between private and state lands in dispute.

It is noteworthy that the project to create a property ownership and management registry and its link with the land registry was implemented using funds from the Restoration Fund.