In accordance with Italian legislation, foreign property owners have the same rights and obligations as citizens of Italy. Taxes depend on the type of property (residential, commercial, buying a business, etc.), the status of the seller (private person or juridical), permanent or temporary residence in the acquired property.
| TAXES |
I HOUSE (get resident during 18 months) |
II HOUSE |
|
Registration TAX |
• a private person: 2% of the cadastral value (1) • juridical person: € 200 (fixed fee) |
• a private person: 9% of the cadastral value (1) • juridical person: € 200 (fixed fee) |
| Land Registry Tax | • a private person: € 50 (fixed fee) • juridical person: € 200 (fixed fee) |
• a private person: € 50 (fixed fee) • juridical person: € 200 (fixed fee) |
|
Cadastral Tax |
• a private person: € 50 (fixed fee) • juridical person: € 200 (fixed fee) |
• a private person: € 50 (fixed fee) • juridical person: € 200 (fixed fee) |
|
VAT |
• a private person: not paid • juridical person: 4% of the declared value |
• a private person: not paid • juridical person: 10% of the declared value |
| Notary fees |
from 2 to 5% |
from 2 to 5% |
(1) The cadastral value is much lower than the market price.
If the property belongs to the “expensive” tax rate is 21%.
Several criteria of “expensive”: Land should be more than 3,000 m2, detached house – more than 2000 m3, swimming pool – more than 80m2, tennis courts – more than 650 m2, etc.
To buy a villa or apartment in Italy as “I HOUSE” is necessary:
– Be a resident in the same province in Italy, where the property is located, within 18 months to be registered there.
– Do not be the owner of the other property in the same province
– Do not be the owner of the other property, purchased earlier as “first house” anywhere in Italy.
Annual property taxes in Italy for owners I HOMES property no tax. For owners II HOMES property taxes from about 0.46% to 1.06% of the cadastral value.
Accurate calculation depends on the municipality in which the property is located, how many adults and children live there permanently or temporarily.
When you buy the land for construction or agricultural land the taxes are following:
|
Agricultural land |
Land for construction |
|
|
Tax |
• a private person: 15% + € 230 • juridical person: 15% + € 230 |
• a private person: 9% of the declared value +€ 50 + € 50 • juridical person: 22 % + € 200 + € 200 + € 200 |
| Cost notary | from 2 to 5% | from 2 to 5% |