ORGANIZATION OF ACCOUNTING OF LAND ASSETS IN ITALY

Abstract

The article examines the theoretical and practical principles of accounting for the organization of land assets in Italy. The role and functionality of the Italian cadastral system (Catasto) is highlighted, which operates under the authority of the Revenue Agency (Agenzia delle Entrate) and functions as a two-level structure, including the Land Cadastre (Catasto Terreni) for agricultural land and the Building Cadastre (Catasto Fabbricati) for built-up areas. The non-probative nature of the Italian cadastre is revealed, whereby a cadastral record does not constitute absolute legal proof of ownership but operates in parallel with the Property Register (Conservatoria dei Registri Immobiliari). The mechanism for calculating cadastral income (Rendita Catastale) as the basis of the fiscal framework for real estate taxation is characterized, along with the role of professional intermediaries — geometers and notaries — in ensuring the accuracy of accounting data. The practice of environmental accounting of land assets through the Land Use Inventory System (IUTI) for accounting of greenhouse gas emissions and sequestration under the Kyoto Protocol is analyzed. A comparative analysis of the Italian and Ukrainian land asset accounting systems is conducted based on criteria of data centralization, evidentiary value, and update mechanisms. The potential for applying Italian experience to improve the domestic land asset accounting system in the context of land reform in Ukraine is substantiated.