Property for sale in Italy

• Passport;
• Marriage certificate or premarital agreement;
• Tax identification code – codice fiscale (on request from an Italian consulate in the applicant's home country or the local tax authorities).

Residential property maintenance costs comprise three parts: tax, utilities, and insurance. Italy introduced a unique communal property tax called imposta unica comunale (IUC) on January 01, 2014. It is calculated on three taxes:

• Municipal property tax (imposta municipale unica, IMU). It is levied at 0.76% but not on the real estate used as primary residence;
• Waste tax (TARI) – about € 100;
• Municipal tax for road maintenance, street lighting, and so on.

On average, the tax on an 85 m² apartment is about € 850 per year.

As for utility payments, they depend on the property. Anywhere between € 200-5,000 per annum for an apartment, depending on its size, while a villa with a swimming pool will be somewhere between € 1,200-6,000 per annum.

The insurance fee depends on a property’s value and usually ranges from € 300-2,000 per annum (usually 1–2% of the property value)

Yes, in Italy the taxes for residents and non-residents are the same.

If buying a new-build you will have to pay:

• VAT — 4% of the property value;
• Fixed registration tax — € 200;
• Fixed mortgage tax — € 200;
• Fixed cadastral tax — € 200;

For an existing property you will have to pay:

• Fixed registration tax — 9% of the property value (€ 1,000 at least);

• Fixed mortgage tax — € 50;
• Fixed registration tax — € 50.

Owners pay a communal tax of up to 10.6%. Income tax for individuals is between 23–43%.

Yes, in addition to the expenses mentioned above there are a number of additional costs. For example, the payment of notary fees at 2–4% of the property's assessed value. This includes:

• Cadastral tax and a mortgage instalment – € 50 or € 200 depending on the buyer's residence permit availability;
• State duty – € 230;
• property tax – € 24.71;
• State register inscription fee – € 90;
• Notary fee – about 1–2.5% (for properties priced between € 300,000-1M the fee is € 5,000-7,000).