Italy has long been a dream destination for individuals seeking a blend of culture, cuisine, and scenic beauty. Beyond its lifestyle appeal, Italy offers a range of tax incentives for foreign buyers, making it an increasingly attractive location for international property investors.
Have you fallen in love with Italy, its architecture, its lifestyle and its people? If you are thinking of buying a property in Italy, you must take into account the purchase taxes among the costs to be borne, keeping in mind that the property price isn't the only thing you have to pay.
Selling or buying bare ownership of a property means entering into a real estate transaction without involving the right to live within the walls of the house in question.
When we talk about the donation of real estate, we are referring to the contract whereby a person, the donor, transfers in a spirit of liberality and free of charge their property or other rights to another person, the donee.
Donation, what the Civil Code says How does the donatio
Buying a house at auction in Italy can be a great chance to buy a new home cheaply, even if there are sometimes hidden pitfalls. Unlike in the other countries, such as the UK or USA, where choosing to sell your property at auction can be a really attractive way to get a good sale price, in Ital
With sentence 5294/2020, the Provincial Tax Commission in Rome has established that in the case of abusive possession of a property, IMU (Municipal Property Tax) is to be paid by those illegally occupying the property and not by the owner.
According to the Provincial Tax Commission in Ro
A problem shared is a problem halved according to the old saying. Italy is not the only European country in which property taxes have an impact on the economy of families.
The new bill from the Italian political parties M5S and Lega, the so-called "simplifications package" or "pacchetto semplificazioni", has been given the green light by the House of Representatives and will now go to the Senate.
There are four basic property taxes that you have to pay when you buy a house in Italy: Land Registry tax (imposta ipotecaria) Cadastral tax (imposta catastale) Stamp Duty (imposta di registro) VAT and other expenses
The amount of tax you have to pay on Italian property purchases may depend
With its recent judgement 6882/2019, the Sezioni unite della Cassazione (Joint Session of the Court of Cassation in Italy) stated that is was lawful for a landlord to place a clause in an Italian lease agreement stating that the taxes and duties relating to the rented property should be borne by the
The Italian waste tax called tassa sui rifiuti or TARI is a municipal charge on the cost of disposal of solid waste and refuse. If you own or have a property in Italy that is likely to produce trash, you are required to pay the tax.
Up-front tax savings upon the purchase of a property in Italy
Requirements
These tax savings apply to anyone (Italian national or foreigner) who buys a “Prima Casa” in Italy.
The 2019 Budget Law in Italy extended the flat rate tax scheme (known as ‘Cedolare secca’ or ‘Dry coupon’) to include commercial real estate and warehouses as of 1st January 2019.
What’s the cost of buying a house in Italy for your son or daughter? If you decide to buy a property and put it at the use of your child, you can enjoy some tax benefits and save money.
To avoid headaches in the future, it’s essential for a homeowner to choose carefully who they rent their apartment to and how they manage compliance with the rental contract.
The deadline for paying the second instalment of the Imu and Tasi property taxes in Italy is fast approaching, with the date being set for 17th December 2018.