{"id":148990,"date":"2021-10-04T16:19:59","date_gmt":"2021-10-04T16:19:59","guid":{"rendered":"https:\/\/www.devnotariato.it\/?page_id=148990"},"modified":"2022-10-03T16:34:21","modified_gmt":"2022-10-03T14:34:21","slug":"purchase-and-sale-real-estate","status":"publish","type":"page","link":"https:\/\/www.notariato.it\/en\/purchase-and-sale-real-estate\/","title":{"rendered":"Purchase and sale real estate"},"content":{"rendered":"

Updated as of October 1, 2022<\/em><\/p>\n

RESIDENCE IN ANOTHER MEMBER STATE – PURCHASE AND SALE OF REAL ESTATE, INCLUDING ANY CONDITIONS OR OBLIGATIONS RELATING TO TAXATION, OWNERSHIP OR USE OF SUCH PROPERTY,
\nINCLUDING ITS USE AS A SECONDARY RESIDENCE<\/strong><\/p>\n

In Italy, if you are a citizen of the European Union, there are no special conditions for the purchase and sale of real estate.<\/p>\n

\u25cf\u00a0\u00a0\u00a0 Procedure for the purchase of a property<\/strong><\/p>\n

The offer consists of the purchase proposal, i.e. the declaration whereby, as a purchaser, you express the intention of buying a certain asset at a certain price. You will have to put this in writing and, having signed, must honour the resulting commitments.<\/p>\n

For further information, please consult the section dealing with the purchase proposal <\/strong><\/a><\/p>\n

\u25cf\u00a0\u00a0\u00a0 Procedure for the sale of a property<\/strong><\/p>\n

As vendor, after receiving a purchase proposal you are free to evaluate other offers. An offer will be binding for you when you accept it in writing and sign it. Once accepted, the purchase proposal is automatically converted into a preliminary contract. The preliminary contract (also called a \u201ccompromesso\u201d) is a fully-fledged contract that obliges both parties to sign the definitive contract.<\/p>\n

For further information, please consult the sections on:<\/p>\n

\u25cf the purchase proposal<\/strong><\/a>
\n\u25cf the preliminary contract <\/strong><\/a><\/p>\n

For the purchase or sale of a property you will need to involve a notary. The choice of the notary is absolutely free and is up to the purchaser.<\/p>\n

For further information, please refer to the section dealing with:<\/p>\n

\u25cf rules for purchasing <\/strong><\/a><\/p>\n

You can also involve a real estate agency, duly registered with the Companies Registry or the Administrative Economic Registry at the Chamber of Commerce.<\/p>\n

The taxes applicable to real estate transactions are:<\/p>\n

\u25cf the registration tax
\n\u25cf mortgage and cadastral taxes.<\/p>\n

The purchase and sale of residential properties by construction or renovation companies, with the exception of special cases, is subject to VAT.<\/p>\n

For further information, please refer to the section relating to<\/p>\n

\u25cf\u00a0 taxation aspects <\/strong><\/a><\/p>\n

As a vendor you are not subject to any tax arising from the sale itself.<\/p>\n

The tax on real estate capital gains, if payable based on your tax residence, is an income tax and is determined, under the conditions provided for by the relevant rules, when a property purchased at a given price is sold at a higher price. It is possible to pay a substitute tax on real estate capital gains, which can be paid, at the request of the vendor, directly into the hands of the notary at the time the deed is signed; for residential buildings, the substitute tax for capital gains is 26 percent.<\/p>\n

If you are the owner of a property you must pay the following rates and taxes:<\/p>\n

\u25cf combined council rates (IMU),
\n\u25cf rubbish collection tax (TARI).<\/p>\n

If you purchased the property with tax breaks as a first home buyer, the only tax to be paid is the TARI.<\/p>\n

Normative references<\/strong><\/p>\n

Article 1470 et seq. of the Civil Code<\/strong><\/a>
\nLaw no. 89\/1913<\/strong><\/a>
\nPresidential Decree no. 131\/1986<\/strong><\/a>
\nLegislative Decree no. 347\/1990<\/strong><\/a>
\nPresidential Decree no. 633\/1972<\/strong><\/a>
\nArticles 67 and 68 of Presidential Decree no. 917\/1986<\/strong><\/a><\/p>\n

Help us improve<\/strong><\/a><\/p>\n

Contact Assistance Services<\/strong><\/a><\/p>\n

\"YourEurope\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Updated as of October 1, 2022 RESIDENCE IN ANOTHER MEMBER STATE – PURCHASE AND SALE OF REAL ESTATE, INCLUDING ANY CONDITIONS OR OBLIGATIONS RELATING TO TAXATION, OWNERSHIP OR USE OF SUCH PROPERTY, INCLUDING ITS USE AS A SECONDARY RESIDENCE In Italy, if you are a citizen of the European Union, there are no special conditions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-148990","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/pages\/148990"}],"collection":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/comments?post=148990"}],"version-history":[{"count":0,"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/pages\/148990\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.notariato.it\/en\/wp-json\/wp\/v2\/media?parent=148990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}