Table 1 – Describes purchase taxes and costs for a “second home”, bought from a “non Italian resident”.
| |
SELLER:
PRIVATE/INDIVIDUAL |
SELLER:
COMPANY – VAT exempted* |
SELLER
COMPANY
|
*Seller company is Vat exempted from 5 years from end of construction. |
| VAT/IVA |
NO |
NO |
10/22% |
VAT is calculated on purchase price (22% for luxury properties only) |
| Registration Tax
Imposta di registro |
9% |
9% |
€ 200,00 |
% is calculated on “cadastral value only if purchased by a private/individual, or a company after 5 years from end of construction |
| Registration of Title to Land Registry
Imposta Ipotecaria |
€ 50,00 |
€ 50,00 |
€ 200,00 |
|
| Real Estate Tax
Imposta Catastale |
€ 50,00 |
€ 50,00 |
€ 200,00 |
|
| Stamp Duty
Imposta di bollo |
€ 16,00 each 4 pages or 100 lines |
€ 16,00 each 4 pages or 100 lines |
€ 16,00 each 4 pages or 100 lines |
|
| Notary Fees |
from 1% to 1.5% of the purchase price (plus VAT: 22%) |
|
| Agent fees |
3% of the purchase price (plus VAT: 22%*) |
|
Table 2 – Sample purchase taxes/costs from official notary deed executed on May 2017, in Tuscany, for a non Italian resident
| Tipology |
Apartment, Tuscany |
| Floor |
Second |
| Square Meters |
110 |
| Bedrooms |
2 |
| Bathrooms |
1 |
| Pool |
Yes, Shared |
| Private Garden |
150 sq.m. |
| Parking |
Yes |
| Price |
€340,000.00 |
| Vat residential Home |
€0.00 |
| Vat Non residential Home |
€0.00 |
| Registration Tax Residential Home |
€0.00 |
| Registration Tax Non Residential Home* |
€8,052.57 |
| Registration of Title to Land Registry |
€50.00 |
| Real estate Tax |
€50.00 |
| Stamp Duty |
€155.00 |
| Other (utilities connection fees, etc) |
€0.00 |
| French translation of purchase docs |
€1,000.00 |
| Notary Fees |
€2,900.00 |
| Taxes/Vat on Notary Fees |
€561.00 |
| Agency fees |
€10,200.00 |
| Taxes/VAT on Agency Fees |
€2,244.00 |
| Total price including VAT (Non resident) |
€365,212.57 |
| Total purchase cost percentage |
7.4% |
Table 3 – Sample purchase taxes/costs from official notary deed executed in October 2016, in Lake Garda, for a non Italian resident
| Tipology |
Apartment, Lake Garda |
| Floor |
Ground |
| Square Meters |
80 |
| Bedrooms |
2 |
| Bathrooms |
2 |
| Pool |
Yes, Shared |
| Private Garden |
150 |
| Parking |
Yes |
| Price |
€260,000.00 |
| Vat residential Home |
€0.00 |
| Vat Non residential Home |
€0.00 |
| Registration Tax Residential Home |
€0.00 |
| Registration Tax Non Residential Home* |
€7,058.00 |
| Registration of Title to Land Registry |
€35.00 |
| Real estate Tax |
€67.20 |
| Stamp Duty |
€155.00 |
| Other (utilities connection fees, etc) |
€0.00 |
| German translation of notary deed |
€925.00 |
| Notary Fees |
€3,075.96 |
| Taxes/Vat on Notary Fees |
€1,108.84 |
| Agency fees |
€7,800.00 |
| Taxes/VAT on Agency Fees |
€819.00 |
| Total price including VAT (Non resident) |
€280,821.80 |
| Total purchase cost percentage |
8.0% |
