Owning a property in Italy: which taxes do you have to pay?

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Once you have successfully found a property in Italy and have become the proud owner of a beautiful house along the coast, up on the mountains or in a historic city, you become responsible to pay some annual taxes. These are: − IMU −…

One-off taxes and costs when you buy a property in Italy

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When you buy a property in Italy there are some taxes and expenses you may want to take into account to set your overall budget. Taxes are different if you buy a prima casa (main residence) or if you buy a seconda casa (holiday home). Taxes…

Buying in Italy: “prima casa” or “seconda casa”?

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As a preliminary remark, it’s essential to say that the amount of tax to pay when you buy a prima casa, primary residence, is lower than when you buy a seconda casa, holiday home; that’s why it is relevant to know if you are going to buy…

Let’s talk about the “codice fiscale”

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The codice fiscale - fiscal code – is an alphanumeric code, based on your name, place of birth and date of birth. It is assigned to all Italian citizens at birth and it lasts forever, i.e. it does not have an expiry date, nor it needs to…

7% flat tax for pensioners: which towns?

Few days ago, I was asked if the towns of L’Aquila and Spoleto were eligible for the 7% flat tax for pensioners. Before answering this question, I think it is useful to remind what this scheme is about. The 7% flat tax scheme for pensioners…

Shall I pay tax in Italy?

If you live full time in Italy, as a general rule, you are obligated to pay taxes on all your worldwide income and assets. Bilateral treaties may make some of your income and assets tax free or reduce the amount of tax you have to pay. However,…

Tv licence in Italy: do I need to pay it?

I was recently asked if the canone Rai – the Italian tv licence - was due by property owners not resident in Italy. The canone Rai is due by property owners who have a tv in their homes. The amount of the canone Rai is €90 for the year…