All data you can find on the following tables are related to a common property (not luxury or agriculture property). All percentages are based on the official value, which is usually lower than the market value. It is available from the local land register.
Primary House (Residence is required)
| |
Registry Tax |
Value Add Tax |
Land Register Tax |
Mortgage Tax |
Total Taxes |
| Resale Properties |
3% |
0% |
€168 |
€168 |
3% & (2* €168) |
| New Properties |
€168 |
4% |
€168 |
€168 |
4% & (3* €168) |
Secondary House (Residence is not required)
| |
Registry Tax |
Value Add Tax |
Land Register Tax |
Mortgage
Tax |
Total |
| Resale Properties |
7% |
0% |
1% |
2% |
10% |
| New Properties |
0% |
10% |
1% |
2% |
13% |
If you decide to get a mortgage in order to buy an Italian property, you have to pay another 1% based on the lent amount. Moreover in this case the mortgage broker ask you for getting a home insurance, which usually costs about 0,21% (calculated on the property market value) and allow you to protect your investment for about 20 years.
You have to take into account also that for any purchase of property in Italian territory , it is obligatory to have a notary deed prepared by a public notary. The cost of the notary is based on the property price and the applied percentage varies according to the town and to the notary you choose. For having an idea of the Notary's fees you can consider this example:
| Home Value |
Notary Fees |
| EUR 50.000 |
€ 1.500/2.000 |
| EUR 500.000 |
€ 3.000/4.000 |
If you decide to open a mortgage in order to buy an Italian property, you have to do another notary deed which is refered to the mortgage. Therefore you have to consider to pay double notary fees relating to the fees you can see on the tables above.
Mort