I possessori di prestiti devono dichiararli nell’ISEE: scopri tutto ciò che devi sapere
ISEE is an important economic indicator used by Italian authorities to determine your family’s economic status. It takes into account all sources of income, property, and assets to assess your eligibility for social assistance and other subsidies. However, people who have taken out loans have to declare them in their ISEE application. Let’s explore why that’s important and everything you need to know.
What is ISEE?
Initially, ISEE stood for Indicatore della Situazione Economica Equivalente, but now it’s often referred to as Indicatore di Situazione Economica. It’s an economic indicator that takes into account your family’s overall budget, as well as any assets or property ownership, to determine your eligibility for social assistance or subsidized services.
What is the importance of declaring loans in the ISEE application?
Borrowed money is considered to be a type of alternative income. Therefore, anyone who has taken a loan needs to declare it in the ISEE application. According to the new ISEE amendment, even the installment payments of outstanding loans have to be declared as well.
By declaring loans, the authorities can assess your actual financial status more precisely. Moreover, if your loan burden is too high, it may likely impact your ISEE rating, meaning that you may not be eligible for certain social services or subsidies.
Types of loans that need to be declared:
Not all types of loans need to be declared in the ISEE application. However, the following should always be included:
• Personal Loans
• Mortgages
• Loans for purchasing automobiles or other large items
• Restructure loans
• Loan restructuring to create new loans
• Credit card balances
• Lines of Credit
When do you need to declare the loans in ISEE?
The reports of the banks, financial and credit institutions are never conclusive. Therefore, you need to make sure that you only declare a loan when you receive documentation showing that it’s been approved.
The next step is including the loan in your next ISEE application. This must be done within 90 days of accepting the loan in order to give the authorities enough time to factor it into their ISEE report. If you don’t declare the loan within 90 days, you could face a penalty or fine.
How do loans impact your ISEE rating?
Your loans’ impact on your ISEE rating depends on the amount of the loan and the remainder that is classified as part of your income. There’s no set formula, but generally, the more loans you have, the higher your chances of a lower rating. The more income you report (including income from loan payments), the better your chances of a higher rating.
However, it’s worth noting that in some cases, you can still claim certain types of social assistance, even if you have loans. For example, if you have medical expenses that exceed your income, your ISEE rating may not impact your ability to get assistance for those costs.
FAQs:
1. Do I have to declare all types of loans in ISEE?
No, certain types of loans like student loans, social security loans, and other subsidized loans don’t need to be declared in the ISEE application.
2. What is the maximum amount of loan I can declare in ISEE?
There’s no maximum amount of loan that can be declared in the ISEE application. However, it’s important to remember that when the amount is too high, your ISEE rating may be adversely affected.
3. Can I declare credit card balances in ISEE?
Yes, credit card balances have to be declared (just like any other loans) in the ISEE application.
4. Do I have to declare a loan right after I get approved?
No, you have to declare the loan within 90 days of getting approved to avoid any penalties or fines.
5. Can I claim social assistance even if I have loans?
It depends on the type of assistance you’re seeking. There are certain types of aid that don’t take ISEE rating into account, like medical or legal assistance. Therefore, even if you have loans, you may still be eligible for those types of services.
