Q. I am a non-Italian purchasing an Italian property. How much will I have to pay in transaction taxes?
A. Transaction taxes depend on several circumstances such as the property value on records, if the transaction is subject to VAT, local benefits to develop the area, if the buyer is eligible and applies for any tax benefits, etc. Depending on those circumstances, the proportional transfer taxes related to the purchase of a residential property in Italy might range from 0% to 10% of the purchase price. However, the standard rate is 10% and the standard reduced rate in case of first home purchase is 3% or 4% in case the transaction is subject to VAT. Since each case is unique we have put together a table detailing the main possible cases and their applicable taxes and rates.
For more information on this subject, read also the FAQ "VAT on Italian Property Purchase".
Should you like to contact our Italian attorneys, please click here.
Related information: