Real Estate Taxes

The Italian tax system includes real estate taxes on properties, and land owned by natural and non natural persons. The taxation of immovable properties and land takes place at purchase, at possession, and at disposal.

At property, or land, purchase, registrar tax, stamp duty, and mortgage tax fall due by the buyer , and the payment is made directly to the notary at conveyance deed. The standard rate of 9% can be reduced to 2% exclusively for the main residency purchase (unless the property is classed as a luxury home). If the property is sold by a business, it is also possible that VAT applies at reduced rate of 10%, reduced to 4% in case of primary residency.

The registrar tax is not calculated on the transaction value, but rather on the cadastral value applying a multiplier to the cadastral value of the property.

Once you own real estate, you are required to pay the annual property tax calculated on the cadastral value of the property, regardless of its market value. Property tax must be self assessed and paid through the F24 form.

On top of the aforementioned taxes, each property is required to pay the annual waste and disposal tax to the local council which is taking care of the trash collection, recycling and disposal of city waste.

Once the property is sold, capital gains tax apply at 26% rate unless the property is residential and the owner bought it 5 years ago or longer; in that case no tax is due on the sale of the property.

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