Impresa

Come costituire una società? Quale tipologia risponde meglio alle proprie esigenze e agli scopi da raggiungere? È consigliabile rivolgersi per tempo al notaio per programmare la nascita e la vita di un’impresa. Leggi la sezione per saperne di più.

Casa

L’acquisto di una casa è certamente una delle operazioni economiche più importanti nella vita di una persona e il notaio per legge tutela acquirente e venditore. Visita la sezione per capire quali sono i passaggi da seguire prima del rogito e acquistare un immobile in totale sicurezza.

Famiglia

Famiglia e rapporti di parentela; donazioni e successioni; come tutelarsi in caso di convivenza o modificare il regime patrimoniale del matrimonio. Approfondisci tutto quello che c’è da sapere nella sezione e scopri come il notaio può aiutarti.

Purchasing and Selling of Immovable Property

Last updated on 16 December 2020

RESIDENCE IN ANOTHER MEMBER STATE - PURCHASING AND SELLING OF IMMOVABLE PROPERTY, INCLUDING ANY CONDITIONS AND OBLIGATIONS RELATED TO TAXATION, OWNERSHIP, OR USE OF SUCH PROPERTY, INCLUDING ITS USE AS A SECONDARY RESIDENCE

In Italy, if you are an EU citizen you are not required to fulfil any special conditions to purchase and sell real estate.

●    Procedure for purchasing a property

The process involves a purchase offer, namely a declaration through which you, as the purchaser, express your intention to purchase a certain property for a certain price. You must make this in writing and, once it is signed, assume the resulting commitments.

For more information, please consult the section about purchase offers

●    Procedure for selling a property

As the vendor, after you have received a purchase offer, you are also free to consider other offers. An offer will be binding for you when you accept it in writing, including your signature. Once accepted, a purchase offer automatically becomes a preliminary purchase contract. A preliminary purchase contract (also referred to as a promissory contract) is a real contract that obliges both parties to conclude a final contract.

For more information, please consult the sections on:

●    purchase offers
●    preliminary purchase contract

You must involve a notary in a property purchase or sale. The purchaser is responsible for choosing the notary and has total discretion in making that choice.

For more information, please consult the section on:

●    rules for purchasing

You may also involve a real estate agency duly entered in the Companies’ Register (Registro delle Imprese) or the Administrative Economic Register (Registro economico amministrativo) held by the Chamber of Commerce.

The taxes payable on property purchases and sales are the following:

●    registration charge
●    mortgage registration fee and Land Register fee.

However, purchases and sales of residential properties by construction and redevelopment companies are subject to VAT, except for specific cases.

For more information, please consult the section on

●    tax aspects

As vendor, you are not subject to any tax resulting from the sale itself.

If it is payable on the basis of your tax residence, capital gains tax is a tax on income and is calculated, under the conditions laid down in the corresponding legislation, when a property purchased for a given price is sold for a higher price. It is possible to pay a substitute capital gains tax, which may be paid directly to the notary at the request of the vendor at the time when the deed of sale is concluded. For residential buildings the substitute capital gains tax is 26%.

If you are the owner of a property you must pay the following levies:

●    municipal property tax (imposta municipale unica – IMU),
●    waste fee (tassa sui rifiuti – TARI)
●    local tax for municipal services (tassa sui servizi indivisibili – TASI).

If you have purchased a property using the tax concessions available for the purchase of a first home, the only tax payable is the TARI.

Relevant legislation
Article 1470 et seqq. of the Codice civile (Civil Code)
Law No 89/1913
Presidential Decree No 131/1986
Legislative Decree No 347/1990
Presidential Decree No 633/1972
Articles 67 and 68 of Presidential Decree No 917/1986

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