“If you know the current taxes for your property in Italy, you can pay them on time, avoid unpleasant surprises and ensure financial clarity."
Real estate & taxes in Italy
In this article, we explain the most important tax aspects for real estate ownership in Italy. A clear understanding of your tax obligations will help you to keep track of all the duties that apply.
What current taxes are payable on real estate ownership in Italy?
Taxes are payable by owners of properties in Italy that are used as second homes. The main taxes consist of the real estate tax (IMU) and the garbage tax (TARI). In addition, smaller charges may apply, such as a local tax for second homes in certain municipalities or small charges for water infrastructure or similar, but these are hardly significant. These running costs are in addition to regular expenses such as electricity, water and communal costs.
IMU | Imposta Municipale Unica
The IMU is the property tax and corresponds to the property tax. It is calculated on the cadastral value of the property and is paid to the municipality in which the property is located. The IMU is paid in two equal installments - one by June 16 and the other by December 16 of the respective year. Alternatively, the property tax can also be paid in one installment for the entire year.
TARI | Tassa sui Rifiuti
In addition to the IMU, a waste disposal fee, known as TARI, is also charged. It is calculated based on the size and use of the property and the number of residents and is also payable to the municipality.
In summary, the IMU is the most important tax on real estate ownership in Italy. In addition to this, a waste tax (TARI) is levied and smaller charges may apply, but these are of little significance.
This article is for guidance only and does not claim to be absolutely correct or complete. The aim of the article is to give you an initial overview of the current taxes due on real estate ownership in Italy.