Taxes when buying property in Italy | Case Bella Vista

Taxes when buying property in Italy

English

When buying real estate in Italy, as in all other countries, in addition to the cost of the property, you must pay the additional expenses: taxes, notarial services and agency fees.

· ImpostadiRegistro (Registry Tax): This is a tax that the State pay when buying real estate in proportion to property values, with coefficients that are fixed by the state, and depending on the personality of the seller (individual, organization or company building).

· ImpostaCatastaleeIpotecaria (Inventory Tax and Mortgage Tax): This is the tax which pays the state at the time of inventory, real estate registration in public registers of real estate.

· IVA (Value Added Tax): This is a tax that the State pay when purchasing property from a construction organization or company.

New financial law from January 1, 2006

1. Buying from a private individual a first home (not elite real estate) for residents in Italy.

· Imposta di Registo (NalogReestra) - 3%

· ImpostaIpotecariaeCatastale = 336 Euro

2. Buying from the organization of the first house (not elite real estate) for residents in Italy.

· Imposta di Registo (NalogReestra) = 130 Euro

· Imposta Ipotecaria e Catastale = 504 Euro

· IVA (VAT) - 4%

3. Buying from private individuals for non-residents or second homes for residents of Italy.

· Imposta di Registo (NalogReestra) - 7%

· ImpostaIpotecariaeCatastale-2% + 1%

4. Buying from the organization for non-residents or second homes for residents of Italy.

· Imposta di Registo (NalogReestra) = 130 Euro

· Imposta Ipotecaria e Catastale = 504 Euro

· IVA (VAT) - 10%