regolamento bonus sire - aste sga

to Euro 2.582,28 (Euro 7.746,85 for mountain communities) and up to Euro 20.658,28.
The turnover must be composed for at least two thirds by the sale of agricultural products included in Table A,
part I, Presidential Decree 633/72:
- invoice with application of V.A.T. of 21% on the sale price;.
c) farmers subject to simplified regime with a turnover – achieved in the previous calendar year – higher than
Euro 2.582,28 (Euro 7.746,85 for mountain communities)
The turnover must be composed for at least two thirds by the sale of agricultural products included in Table A,
part I, Presidential Decree 633/72
- declaration by principal who is agricultural producer from which the exemption regime from the issue of the
invoice results;
- issue of self-invoice by buyer who acts as person exercising business activities applying the percentage of setoff
equal to 7.5% already included in the sale price of the horse;
3) private individual without V.A.T. number
- issue of a releasing receipt to be delivered to buyer (whether individual or person exercising a business activity)
applying the stamp of Euro 1,29 with the following wording: “Transaction excluded from the scope of application
of V.A.T. because of the absence of the subjective requisite under articles 1 and 4 of Presidential Decree
633/72”.
Principals must give notice in writing to S.G.A.’s administration of the details necessary to invoice the horses
sold at auction (VAT regime applied, progressive number of invoice and date of issue). In the absence of such
indications, the time limit for payment shall be deferred.
CHARGED TO BUYER:
- VAT on sale price for the horse on the basis of point 1) and 2) above, subject to exclusion;
- COMMISSION FEE: 5% (subject to V.A.T. % and tax withholding, if due, under the provisions set forth in article
9) on the sale price, auction commission in favour of S.G.A., whether the horse has been sold on the fall of the
hammer of the auctioneer, or whether it is sold by private treaty (article 18).
The auction commission shall be applied also to the amount of any eventual reserves on prizes won communicated
to S.G.A.;
- Euro 68,62 (Euro 54,00) due to the UNIRE Area Galoppo for the transfer of title. Such transfer of title shall be
effected only once the balance of the purchase price has been paid together with the relative auction fees.
Art. 17 – ENTRIES
Should a horse be declared on sale at the auction with its entries (Italian or foreign), the buyer shall be responsible
for taking on any further future forfeit fees.
The principal shall be responsible for entries not indicated in writing.
Art. 18 – SALES BY PRIVATE TREATY
In respect of any horse sold by private treaty entered in this catalogue and reported as unsold during the sale
or at any following sales, and until the thirtieth day following the date of the sale, the buyer and principal
must pay to S.G.A. the auction commissions on the declared sale price, as defined in Article 16.The current rules
should be applied to private sales.
These regulations shall be applied thereto.
Art. 19 – SALES OF MARES
The sales of mares to be considered in foal even with a medical veterinary certificate or from laboratory confirming
the result of the covering will be cancelled if the mare will be considered barren or carrying twins. The
diagnosis of pregnancy is done by the purchaser from a trusting veterinary o the veterinary service of the sale,
before the 24 hours form the date of sale, costs and risks are in charge of the purchaser. The vendor could
not refuse, after the mare is sold, toallow the diagnosis of pregnancy, punishment the cancelling of the sale.
Art. 20 – DISPUTES
The Court of Milan shall have sole jurisdiction over any dispute.
This English version of the Conditions has been drawn up for the convenience of foreign buyers only, and it is not binding in any way. The Italian version
shall at all times prevail.