Round-trip transaction costs of buying a property in Italy

Registration Tax (imposta di registro)

For properties older than 5 years, registration tax is 2% for those buying as their main home. The home must be located in your present or future common of residence (or in the common where you have or plan to have your residence) and it must not be classified as a luxury home in the Property Register (A1, A8, A9).

The registration tax for non-residents and those buying second homes is 9%, so if you’re planning to become a resident in Italy, do so before buying your home or within the next 18 months after.

The tax is calculated on the cadastral value of the property, and not on the purchase price. The cadastral value is considerably lower than the effective value of the property and can be easily calculated.

Cadastral Tax (imposta catastale):

A fixed fee of €50 is payable both for new and used properties, no matter if it is a main or a second home.

Land Registry Tax (imposta ipotecaria):

A fixed fee of €50 is payable both for new and used properties, no matter if it is a main or a second home.

VAT:

Buyers of new properties are liable to pay Value Added Tax (VAT), which ranges from 4% to 22%, in addition they pay registration tax, cadastral tax and land registry tax in the amount of € 200 each.

New properties are defined as those dwellings sold within five years of completion of construction or restoration.

VAT is levied at 4% for first-home resident buyers, at 10% for second-home and non-resident buyers, and at 22% on luxury homes.

Notary Fees:

Notary fees typically range between 1% – 2.5% of the cadastral value of the property and are subject to VAT.

The notary fee is payable when you sign the final contract.

Legal Fees:

Conveyancing is usually performed by a lawyer (avvocato) and the legal fees are usually around 1% – 2% of the cadastral price of the property and are subject to VAT.

The engagement of a solicitor/conveyancer/attorney is not compulsory but in particular cases may be envisaged.

However, the buyer is always protected by the public notary who is obliged to check carefully the correctness of all documents and has the right (and the power) to suspend the purchase of the property if the documents provided by the seller, and related to the title of the property, are not fully satisfactory to complete the property purchase.

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