Question: What are the taxes to buy an Italian property?
Answer: Italian property purchase taxes depend on several circumstances such as the property value on record, if the transaction is subject to VAT, local regulations and incentives, purchase purpose etc. Depending on those circumstances, Italian residential property purchase tax rates range from 2% to 10% of the purchase price. The standard rates are 9% of value on book if you buy from a private person or 10% of purchase price if you buy from a developer (i.e., transaction subject to VAT). Since each case is unique we have put together a table detailing the main possible cases and applicable taxes and rates. Find rates applicable from 1 January 2014 in our 2014 Italian Property Purchase Guide which includes also information about local taxes, capital gains tax, inheritance taxes etc.
Download here our 2014 ITALIAN PROPERTY PURCHASE GUIDE
For more information on this subject, read also the FAQ "VAT on Italian Property Purchase".
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