LAW July 16, 1951, n.10.
Law on estimated taxable income of the land and buildings.
We the Captains Regent of the Most Serene Republic of San Marino
We promulgate and publish the following law passed by the Regency Council in its session on July 16, 1951
1. The estimates referred to in Article. 1 of the Decree of 21 February 1949, n. 11, has the aim of establishing the
taxable income derived from capital invested in the land and in buildings.
The taxable income of the capital invested in the land and in the ordinary destination
buildings will be established by means of valuation rates refer to 1 January 1950, according to the qualification statements and tariff
drafted by the technicians cadastral and approved by the Board of esteem. These prospects will be
published in the Official Bulletin.
The rates of valuation relative to capital invested in income will express land, per hectare and per
each grade and class, cadastral income, agricultural income and income from work.
The landlord's income and that part of the total income of the fund is left to the owner, net
of its operating expenses for the year and for the maintenance and conservation of the land capital, excluding taxes and
contributions, tithes and censuses.
The agricultural income is constituted by the interest of the working capital and the remuneration of managerial work
The earned income shall be the remuneration of manual labor.
In the determination of the income will be reached through business economic analyzes or analysis
unit area or per particle made according to the dictates of art estimale.
For the determination of the cadastral income will be considered the gross salable production of
fund from which will be deducted:
a) expenditure on materials required for Cultivator oni;
B) expenses for rentals of machines and tools;
C) the average annual costs of maintenance and conservation of stocks capital living and dead;
D) remuneration to manual labor;
E) the compensation to managerial work, surveillance and administration;
F) the interest on the capital stock and working capital:
g) the cost of maintenance of the land capital and the depreciation of the parts of this that must be periodically renewed
h ) general costs.
The agricultural income includes the interest of the working part of the entire working capital,
the interest of the entire capital stocks live and dead stock and the compensation to managerial work.
The working income corresponds to the manual labor cost, for each quality class,
it will be determined by the difference between the fees and profits of any nature paid to providers for the opera
'operating company and any costs borne by the providers themselves, excluding only those
hands of auxiliary work, and contribu the law and taxes.
The taxable yield on capital invested in buildings consists of the average annual pension ordinary
retractable after expenses and any losses, excluding taxes, contributions and
purposes estimali buildings are divided into:
a) manufactured in ordinary destination (rdinarie housing, studios and offices, buildings for institutions,
shops, warehouses, stables, garages etc.).
B) a special purpose buildings (factories, hotels, theaters, etc.).
The taxable income for ordinary buildings will be established by means of valuation rates.
The taxable income of a sp cial target buildings will be determined by direct
investigations, taking into account, in addition to the capital invested in the masonry, also the plants permanently
fixtures and its driving force, connected with the building .
The rates of valuation relative to ordinary buildings express the taxable income per unit
consistency for each category and class.
The consistency unit is determined as follows:
a) for properties held for rdinaria home and offices or private practices and the like: a test compartment
b) for units real estate held for public office and to the communities and the like home: a cubic meter
C) for properties held in workshops, warehouses, workshops, stables, garages, sheds and the like
: a square meter.
For the purpose of determining the taxable income from the gross annual income you will deduct:
a) the average annual expenditure for the ordinary and extraordinary maintenance of the building;
B) the depreciation;
C) losses due to insolvency and non-collection of rents;
D) the cost of insurance against fire:
e) costs for common services;
F) the costs of collection of rent and the administration.
Given at Our Residence, this day of July 25, 1951 (1650 dFR).
THE CAPTAINS REGENT
Alvaro Casali - Romulus Giacomini
THE SECRETARY OF STATE FOR INTERNAL AFFAIRS
(1) Already published separately at the date of promulgation.