The Meloni government is working on the 2023 tax reform in Italy, the draft of which should be ready between the end of February and the beginning of March.
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.
Italy's well known Superbonus 110% is changing again under the new Meloni government. According to the latest news, Italy's new Prime Minister is considering a rate reduction and a possible extension of the deadline.
The Budget Law 2022 implemented a long-awaited tax reform in Italy. The 2022 IRPEF rates and brackets have been revised and the calculation methods have changed. Important changes have also been introduced with regard to the deductions per income category.
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
Italy is home to several schemes that benefit taxpayers, and one of the most recent ones is Italy's air conditioning bonus 2021. This bonus can be taken advantage of even without renovation work, as clarified by the Italian Tax Agency.
As well its devastating effect on populations across the world, the COVID-19 pandemic has also taken its toll on Europe's economies, with many countries seeing widespread business closures, skyrocketing unemployment and rising debt.
Italy is one of the countries that has been worst
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
The rental of real estate to university students represents an opportunity for both residential property owners and students, who have a typically practical approach to the rental market: they consult the Internet and evaluate the most convenient offers.
The government's business plan to deal with the economic consequences of the coronavirus is taking shape. First and foremost, the budget for the emergency situation has been increased to 25 billion euros.
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.
If you decide to buy a property at an auction in Italy, you have to pay some taxes and expenses. Let's see which ones.
As far as the taxes to be paid on the purchase of a property at auction are concerned, they are the same as those levied on a traditional sale and purchase.
The property capital gain (plusvalenza sugli immobili) is the positive difference between the amount received at the time of selling a property and the purchase price or the construction cost of this, increased by the inherent costs.
From property tax changes to short-term rentals, the economic growth decree is a law that has been given the green light by the Italian House of Representatives and contains important measures for the real estate sector in Italy.
How are taxes calculated on rental income in Italy? Let's see what it says in the Italian Budget Law 2019 and the draft law on fiscal simplification, a new amendment to the growth decree.
Starting from 2020, the taxation of income from long-term property rental in Italy will change.
With the Legge di Bilancio 2019, the Italian government introduced a Flat Tax of 7% for all pensioners who move their residence to Italy.
This is a rule that is intended to encourage natural persons who receive a pension from a non-Italian institution to transfer their residence to Italy.
The Flat
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
One of the new rules that has been introduced with the Italian Budget Law 2019 is a measure that provides tax relief to attract pensioners to southern Italy.
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.