Purchasing Italian Real Estate – Individuals vs. Corporate Structure

There are a number of options for the purchase of Italian Real Esate.  Here we look at the principal alternative options, but there are others. We look at purchasing : There is no automatic choice. Much will depend on the type of property and if you are going to rent the property or simply occupy […]

National Identification Code (CIN) for Short-Term Rentals

What is the CIN? The CIN (Codice Identificativo Nazionale) for short-term rentals is a requirement introduced by Article 13 of Decree Law No. 145 of December 18, 2023 (known as the “Decreto Anticipi”). This law mandates the assignment of a National Identification Code (CIN) for all residential units used for tourist rental contracts, including short-term […]

Tax reliefs for Building Renovation Works – 2024

What are they?   It is important to note that each tax relief has specific eligibility criteria, timings, deadlines and requirements, so consultation on any specific works with a professional (in the first instance a Geometra or Architetto) is essential in order to determine which tax relief is applicable to your specific situation, depending on […]

Italian tax aspects of renting Italian real estate – for landlords

Introduction  This guide briefly sets out the main issues arising on the short term (<30 days) rental of residential  (i.e. non commercial/agricultural) accommodation,  located in Italy. This guide does not cover the situation where you are purchasing real estate to run a business (except under the Regime Forfettario) . Nor does it necessarily cover the […]

Land Registry Categories – Residential Property

The Land Registry Category is an important variable in determining the tax payable in respect of real estate.  All registered property in Italy is assigned a category. You can see the assigned category for a particular category by getting hold of land registry extract or visura catastale. Italy has a number of reliefs and exemption […]

Tax Relief for a New Air Conditioner

As the summer heatwave starts to make itself felt, we turn to air conditioning systems. The price of air conditioning kit continues to fall but given that for, fixed systems, at least, professional help with installation is a must, the cost can be expensive. The Italian “Ecobonus” regime – tax relief on the purchase of […]

IVIE Tax Base Post Brexit

Brexit has had a potentially expensive impact for Italian tax residents owning real estate in the UK.  Italian tax residents are required to pay a wealth or ownership tax on foreign (ie. non Italian) real estate (unless the property is owned and occupied as a principal residence.  As a result of Brexit,  in the view […]

Taxes on Second Homes in Italy

A second home in Italy If you have bought a house in Italy, but do not intend to live in it as your habitual abode and register as resident with the Anagrafe (register of resident population maintained by the relevant local authority or “comune”), it will be considered a second home and not an “abitazione […]

Tax on Disposal of Real Estate

General Rule In Italy, capital gains from the disposal (sale or transfer) of real estate are generally treated as miscellaneous income under Article 67 of the TUIR (Testo Unico delle Imposte sui Redditi, DPR 917/1986).  The taxable gain is the difference between the sale price and the acquisition cost (plus any additional expenses such as […]

Table of Main Registration Taxes in Italy

This is a (very) simplified table of the registration taxes due on certain documents.  The tax office will apply the tax according to the substance of the effect that the document has, not the form.