{"id":7954,"date":"2025-09-24T12:26:29","date_gmt":"2025-09-24T10:26:29","guid":{"rendered":"https:\/\/taxing.it\/?p=7954"},"modified":"2025-12-30T20:17:55","modified_gmt":"2025-12-30T19:17:55","slug":"purchasing-italian-real-estate-individuals-vs-corporate-structure","status":"publish","type":"post","link":"https:\/\/taxing.it\/it\/purchasing-italian-real-estate-individuals-vs-corporate-structure\/","title":{"rendered":"Acquisto di Immobili Italiani \u2013 Strutture Individuali vs. Societarie"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7954\" class=\"elementor elementor-7954\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14916b69 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14916b69\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-41c7c579\" data-id=\"41c7c579\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7dc864c9 elementor-widget elementor-widget-text-editor\" data-id=\"7dc864c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t\n<p>There are a number of options for the purchase of Italian Real Estate.\u00a0 Here we look at the principal alternative options, but there are others. We look at purchasing:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Personally (as an individual or individuals), or<\/li>\n\n<li>Through a limited liability company\u00a0 (either an Italian company or foreign company), or<\/li>\n\n<li>Via an Italian entity &#8211; the standard here would be a tax-transparent entity (societ\u00e0 semplice) which are often used to better organise ongoing management of the property and costs where there are multiple owners<\/li>\n<\/ul>\n\n<p>\u00a0<\/p>\n<p>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 it for your own use. Other structures might exist. It might also be advantageous to arrange a \u201csplit structure\u201d e.g. purchase as individuals and rent to the company who then carries on a letting or business activity. Corporate structures and ideas like this, can lead to extra cost which needs to be weighed up against savings.<\/p>\n\n<p>This note is intended as high level establishment of a framework, to assist the initial decision-making and will be refined once we have reviewed your specific circumstances.<\/p>\n\n<p>The initial point to note is that this type of planning needs to be effected BEFORE you sign anything, especially an irrevocable offer, which is typically proposed by Italian agents. The terms of such an offer typically constitute a binding legal agreement once accepted by the seller and the terms of it may impact your chosen structure. If you are buying to let, then you must check at the very least\u00a0 in advance that there are no restrictions, either under condominium regulations or local planning laws on the carrying on of a rental activity.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46eb089 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"46eb089\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;container&quot;:&quot;.post-wrapper&quot;,&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__46eb089\" aria-expanded=\"true\" aria-label=\"Apri l&#039;indice dei contenuti\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__46eb089\" aria-expanded=\"true\" aria-label=\"Chiudi l&#039;indice dei contenuti\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__46eb089\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-70bd115 post-wrapper e-flex e-con-boxed e-con e-parent\" data-id=\"70bd115\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7345732 elementor-widget elementor-widget-text-editor\" data-id=\"7345732\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>1. Capital Gains Tax on Future Sale<\/h2>\n<p>Any capital gain is calculated as the difference between sale price and purchase price, increased by all costs that are \u201cinherent\u201d to the property. This usually means that purchase agent\u2019s fees can be deducted but not selling agent as fees. All costs claimed for deduction must be appropriately documented.<\/p>\n<p>Note that to be deducibtle the relevant costs\u00a0<\/p>\n<p><!-- \/wp:heading --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 class=\"wp-block-heading\"><strong>Individuals<\/strong><\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Capital gains on the sale of Italian real estate are generally taxable in Italy only if the property is sold within five years of purchase (unless it was used as a primary residence \u201cPrima Casa\u201d or if you running a business or selling land purchased for development.\u00a0 After five years, gains are exempt, under current law. If you are resident outside Italy, the tax position in your country of residence needs to be checked. Many countries around the world tax charge tax to their residents on\u00a0 gains from disposal of real estate wherever it is situated and none of Italy&#8217;s <a href=\"https:\/\/taxing.it\/double-tax-treaties\/\" target=\"_blank\" rel=\"noopener\">DTA&#8217;s<\/a>, so far as we aware, grant exclusive taxing rights to Italy as regards real estate disposals.\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 class=\"wp-block-heading\"><strong>Limited Liability Company<\/strong><\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>A foreign company without a permanent establishment (PE or taxable presence) in Italy is subject to Italian tax on capital gains from Italian real estate under domestic law, without the benefit of the five year exemption.\u00a0 Italy &#8216;s list of DTA&#8217;s contain, so far as we are aware, no exceptions to the standard OECD\u00a0 Model Treaty granting exclusive taxing rights to the country of residence.\u00a0 and the Italy\u2013France tax treaty. The company cannot benefit from exemptions available to individuals (e.g. primary residence &#8220;prima casa exemptions&#8221;.\u00a0 Whether the activities of the company in Italy constitute a PE needs to be reviewed very carefully.\u00a0 \u00a0<\/p>\n<p>If deemed to have a PE, the foreign company will be subject to Italian corporate income\u00a0 taxes and filing obligations. as well as potentially VAT on rents. Passive ownership and rental of Italian property does not automatically create a PE. However, active management (e.g. local staff, marketing, contracting) or short-term letting with more than basic auxiliary services may trigger PE status.<\/p>\n<p>PE or not, Italy will also seek to bring gains on sales of shares in a real estate rich company (one which has more than 50% of its total asset value deriving from Italian located real estate held as an investment property) in to the charge to Italian tax.<\/p>\n<p><span style=\"white-space-collapse: preserve;\">Buying Italian real estate through a limited liability company \u2014 whether Italian or foreign \u2014 can trigger Italy\u2019s societ\u00e0 di comodo (convenience company) rules. These rules are designed to prevent companies from being used as passive holding vehicles with little or no real business activity. A company is considered <em>di comodo<\/em> (non\u2011operational) if it does not meet minimum revenue thresholds calculated on the basis of its assets, including real estate. <\/span><span style=\"white-space-collapse: preserve;\">For property\u2011holding companies, this means that simply owning a residential or commercial property without generating sufficient rental income can cause the company to be classified as <\/span><em style=\"white-space-collapse: preserve;\">non\u2011operative<\/em><span style=\"white-space-collapse: preserve;\">. The consequences are significant: the company becomes subject to <\/span><span style=\"white-space-collapse: preserve;\">minimum deemed income\/alternative minimum tax<\/span><span style=\"white-space-collapse: preserve;\">, <\/span><span style=\"white-space-collapse: preserve;\">h<\/span><span style=\"white-space-collapse: preserve;\">igher corporate and regional production tax bases<\/span><span style=\"white-space-collapse: preserve;\">, <\/span><span style=\"white-space-collapse: preserve;\">restrictions on carrying forward tax losses and on accessing VAT credits. <\/span><span style=\"white-space-collapse: preserve;\">The rules<\/span><span style=\"white-space-collapse: preserve;\"> apply even to foreign companies owning Italian property if they are they have or are deemed to have a permament establishment in Italy. <\/span><\/p>\n<p><span style=\"white-space-collapse: preserve;\">Using a company to hold Italian real estate therefore requires careful planning to avoid creating a liability to tax on a future gain, falling into the <em>societ\u00e0 di comodo<\/em> regime, especially where the property is used privately or generates low rental yields.<\/span><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 class=\"wp-block-heading\"><strong>Societ\u00e0 semplice<\/strong><\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>These are transparent for Italian tax purposes. Gains are taxed in the hands of the members under same 5 year rule as applies to individuals.\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e85dbf elementor-widget elementor-widget-text-editor\" data-id=\"3e85dbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>2. Rental Income \u2013 Taxation and Treaty Relief<\/h2>\n<p><!-- \/wp:heading --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 class=\"wp-block-heading\"><strong>Individuals<\/strong><\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Rental income from short-term letting is taxable in Italy. The \u201ccedolare secca\u201d regime may apply (flat 21% tax on gross rents, no deductions for a single property rising to 26% where multiple properties are let). Alternative regime maybe available, and permit deduction for running and maintenance costs, but this generally requires registration for VAT, and hence, in particular, the requirement to add 10% VAT to rents.\u00a0 See <a href=\"https:\/\/taxing.it\/italian-tax-aspects-of-renting-italian-real-estate-for-landlords\/\" target=\"_blank\" rel=\"noopener\">this article<\/a> for more information on renting Italian real estate as an individual.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 class=\"wp-block-heading\"><strong>Limited Liability Company<\/strong><\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Rental income is taxable in Italy. <a href=\"https:\/\/taxing.it\/09-tax\/\" target=\"_blank\" rel=\"noopener\">Gross rent<\/a>s after allowable deductions are subject to corporate income tax at a 24% rate.\u00a0 IRAP, regional production tax ,will not apply unless the company is running or deemed to be running a business using the property.\u00a0 A foreign company may claim a foreign tax credit in its country of residence under the treaty, but administrative complexity increases. French tax treatment of foreign rental income in a company structure may be less favourable than personal ownership (depends on costs)<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 class=\"wp-block-heading\"><strong>Societ\u00e0 semplice<\/strong><\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Income flows through to members. Italian tax applies, with potential credit in France depending on member\u2019s status. Will require filing of four separate Italian income tax returns, involving possibly some extra expense compared to the Sarl. The cedolare secco regime is not permitted for individuals who are members of societ\u00e0 semplice, with the result that tax will be charged at scale rates.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c2f4a4 elementor-widget elementor-widget-text-editor\" data-id=\"4c2f4a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading -->\n<h2 class=\"wp-block-heading\">3. Purchase Tax \u2013 Prima Casa Benefits<\/h2>\n<!-- \/wp:heading --><!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Individuals<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Purchasing as an individual may allow you to benefit from reduced registration tax\u00a0 &#8211; 2% instead of 9% for residential property which will be occupied as a main residence and\u00a0 where you register as resident with the Anagrafe at the property.\u00a0 The tax base is a multiple of deemed land registry yield, which is often lower than the purchase price.<\/p>\n<p>The prima casa reduction will likely require transfer of<a href=\"https:\/\/taxing.it\/italian-statutory-tax-residence-test-for-individuals-2024-changes\/\" target=\"_blank\" rel=\"noopener\"> tax residence<\/a> to Italy, with serious potential consequences in terms of income tax on worldwide income and wealth tax on worldwide assets.\u00a0<\/p>\n<p>There is also a prima casa reduction in purchase VAT\u00a0 due &#8211; e.g. where you are purchase in\u00a0 a new build or restructured property from a business.<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Company<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Not eligible for \u201cprima casa\u201d benefits. Standard rates apply.<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Societ\u00e0 semplice<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Also not eligible for \u201cprima casa\u201d benefits.<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-185e841 elementor-widget elementor-widget-text-editor\" data-id=\"185e841\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<h2 class=\"wp-block-heading\">4.\u00a0 IMU \u2013 TARI\u00a0<\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p><a href=\"https:\/\/taxing.it\/imu-local-real-estate-ownership-tax\/\" target=\"_blank\" rel=\"noopener\">IMU<\/a> is an ownership tax\u00a0 and <a href=\"https:\/\/taxing.it\/tari-italian-refuse-disposal-tax\/\" target=\"_blank\" rel=\"noopener\">TARI<\/a> a refuse tax. They applies according to their own rules, to all owners (individuals or entities).<\/p>\n<p>There is no exemption for foreign companies or societ\u00e0 semplice unless the property qualifies as a primary residence of a qualifying occupant.\u00a0\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bffa91e elementor-widget elementor-widget-text-editor\" data-id=\"bffa91e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading -->\n<h2 class=\"wp-block-heading\">5. VAT Considerations<\/h2>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Rental Income: Short-term rental of a single apartment is only subject to VAT if provided with ancillary services beyond\u00a0 the standard minimum (e.g. wifi, aircon and bed linen). Long-term residential leases are typically VAT-exempt, with no right of recovery of input VAT.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>VAT Recovery: An individuals registered for VAT carrying on\u00a0 a fully VATable business\u00a0 may be able to to recover Italian VAT on property purchase (if applicable) or renovation costs if registered for VAT in Italy and conducting taxable rental activity.<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9edaaa elementor-widget elementor-widget-text-editor\" data-id=\"d9edaaa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><!-- wp:heading -->\n<h2 class=\"wp-block-heading\">6. Practical Aspects<\/h2>\n<!-- \/wp:heading --><!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Notarial Process<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>All purchases\/transfers of a legal right to Italian real estate require a public deed executed before an Italian notary.<\/p>\n<p>Prior to completion (and indeed prior to any preliminary contract), a purchaser will need to obtain an Italian fiscal code number.\u00a0<\/p>\n<p>What can seem a fairly complex process where individuals are purchased is further complicated where a company is the purchaser.\u00a0<\/p>\n<p>An individual purchaser can make the purchase in question, possibly assisted by an interpreter or translator, as the notary needs to ensure that an individual signing a deed of purchase understands the meaning of what they are signing.<\/p>\n<p>A power of attorney with authenticated signature certified by a notary in\u00a0 the country of residence (and possibly apostille) can be produced for any individual not attending the signing of documents before the Italian notary.\u00a0<\/p>\n<p>For a corporate purchaser the following\u00a0 typically will be required:\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:list -->\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\n<li>Italian fiscal code numbers for directors and the company itself<\/li>\n<!-- \/wp:list-item --><!-- wp:list-item -->\n<li>Anti money laundering as required by the Italian notary &#8211; usually a form of self certification to the effect that the funds being used derive from a legitimate source<\/li>\n<!-- \/wp:list-item --><!-- wp:list-item -->\n<li>Certified translations of company incorporation documents and by-laws\/statutes<\/li>\n<!-- \/wp:list-item --><!-- wp:list-item -->\n<li>Certified translations\u00a0<\/li>\n<!-- \/wp:list-item --><!-- wp:list-item -->\n<li>Certified copy of minutes of board approving the real estate acquisition and possibly delegating power to an individual director or group of directors to execute the necessary documentation<\/li>\n<!-- \/wp:list-item --><!-- wp:list-item -->\n<li>Powers of attorney<\/li>\n<!-- \/wp:list-item --><!-- wp:list-item -->\n<li>Extracts from the foreign business registry extracts<\/li>\n<li>Certification from a notary in the country of orgin of the company, to the effect that the company is in good standing and that any individual representing the company is authorised so to do.\u00a0\u00a0<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list --><!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>Italian Tax Reporting:<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Individuals: Annual Italian tax return to report official land registry yield for days not let out, and rents on days in which the property is rented.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Company: Will require an annual tax return Italian tax filings. If teh company has a PE or deemed to have a PE it must register with Business Registry and will need to comply with, more or less the standard Italian accounting, e-invoicing, accounts preparation and filing obligations\u00a0 as well as VAT registration, filings and payment rules.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Societ\u00e0 semplice: Requires limited Italian filings and member-level tax reporting.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7a7272 elementor-widget elementor-widget-text-editor\" data-id=\"c7a7272\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"wp-block-heading\">7. Conclusions<\/h2>\n<div>The myriad of options and variables involved with an Italian real estate transaction mean that in general the best approach is to start with the base numbers, purchase price, land registry values, forecast rental income and costs. Examining these allows advice to be given in the light of the individual circumstances on the best approach.<\/div>\n<div>\u00a0<\/div>\n<div>This will often start with a forecast of tax costs involved purchasing as an individual, to then check if there the extra costs of setting up and maintaining a purchase vehicle is going to be justified by a tax saving.\u00a0<\/div>\n<div>In this, where the purchaser is not tax resident in Italy, it is important to get a\u00a0 fix on the tax treatment of gains and rental flows in their country of residence. There is not much point in seeking to save Italian tax if this only results in a higher tax liability in the country of residence.<\/div>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>There are a number of options for the purchase of Italian Real Estate.\u00a0 Here we look at the principal alternative options, but there are others. We look at purchasing: \u00a0 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,92],"tags":[],"class_list":["post-7954","post","type-post","status-publish","format-standard","hentry","category-technical-resource","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Purchasing Italian Real Estate \u2013 Individuals vs. Corporate Structure | Taxing.It<\/title>\n<meta name=\"description\" content=\"There are a number of options for the purchase of Italian Real Estate.\u00a0 Here we look at the principal alternative options, but there are others. 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