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 by getting hold of land registry extract or visura catastale. Italy has […]

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 […]

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 […]

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, it will be considered a second home and not an “abitazione principale” or “prima casa” (main home). Under Italian law, […]

Tax relief for Building Renovation Works

What is it? Tax Credit for renovation/refurbishment work This consisted originally of a tax deduction – a reduction in computing personal income tax (IRPEF) of 36% (ie. a tax credit) of the expenses incurred, up to a total amount not exceeding Euro 48,000 per property […]

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.  

Real Estate – Tax FAQ’s

Does 7% flat tax regime apply to pensioners residing in the South in receipt of 401K and social security payments? The technical explanation to the US/Italy double tax treaty (at p.58) states that that distributions from  qualified plans under section 401(a), individual retirement plans (including […]

The Visura Catastale

The “visura catastale” (Land Registry Extract)  is a document issued by the Italian Tax Agency of the Italian Republic containing  information recorded at the Land Registry in relation to real estate – buildings or land – located in Italian national territory. The Visura varies depending […]

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