Toscocountry®

Purchase taxes:

What is here given is just to inform you which taxes one normally has to pay at the moment of the purchase completion. The calculation of taxes is something quite complicated which only a notary can do, knowing exactly how much you need to pay at the completion date, the sum that will be given by the notary to the Registry Office within 20 days.

If the house you are buying is your first house in Italy and you decide to be a full time resident (you have 18 months time to become a resident in Italy) the taxes that need to be paid are:
- 3% registration tax based on the statutory value of the house, which is normally half of the market value (50% less).
- 129,11 euros for the imposta ipotecaria
- 129,11 euros for the imposta catastale.
If you are buying as non resident, you will pay 10% of the statutory value.
If you are buying from a Building company you will have to also pay the VAT (4% as resident and 10% as non resident).
If you decide to live in Italy permanently, there are advantages when you buy your first house. This is what you need to know:
- It has to be the only house you own in that Comune (equivalent to a Shire in the UK)
- You have to be a resident in the Comune where you want to buy, and you have basically 18 months to organize this: you must go to the Questura (Local Police Headquarters) complete a form, give them 3 photos, a copy of your Title Deeds and a letter from your Bank declaring that you have enough funds to live here and after 2-3 months, you will be a Resident.
- It does not have to be a luxurious house.
- It is enough to declare the intention of becoming resident when you go to the notary to complete the purchase. False declarations are punished by the italian law.
- You also cannot sell your house for at least 5 years, unless you buy another first house for permanent living, or pay the tax difference.

 

Choosing the righ house with the right people:

The proposal to buy

Documents and acts

Purchase taxes

Comune tax in Italy

 

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