What are the tax rates for owning more than one property in Italy?

by Stratocaster Thu Jul 02, 2020 1:44 pm

I'm doing some research to ascertain the viability of investing in property in Italy. As I understand it anyone who owns more than one property has an annual tax to pay on that (or those) additional properties. How are these taxes calculated?

If a person from the UK owns one house in Italy and converts it into 2 homes - such as having a single storey house and having an additional floor built on top that serves as a separate independent home, how is the tax calculated? Does this change from region to region?

by alan h Fri Jul 03, 2020 9:29 am

The tax exemption on first houses applied to Residents only, not foreign based owners.

Hence I pay IMU etc on my holiday home, whilst my Italian friend doesn't pay IMU on his house. If he owns a second home, then he pays the IMU etc on that home

by Stratocaster Fri Jul 03, 2020 2:18 pm

alan h wrote:The tax exemption on first houses applied to Residents only, not foreign based owners.

Hence I pay IMU etc on my holiday home, whilst my Italian friend doesn't pay IMU on his house. If he owns a second home, then he pays the IMU etc on that home

What does IMU stand for?

by Stratocaster Fri Jul 03, 2020 2:19 pm

I have dual citizenship (british/italian). Would I need to pay IMU if I bought a home in Italy?

by alan h Fri Jul 03, 2020 3:24 pm

Stratocaster wrote:I have dual citizenship (british/italian). Would I need to pay IMU if I bought a home in Italy

I think that the important thing is having Residency - but others may well advise further

by alan h Fri Jul 03, 2020 3:26 pm

Stratocaster wrote:
alan h wrote:The tax exemption on first houses applied to Residents only, not foreign based owners.

Hence I pay IMU etc on my holiday home, whilst my Italian friend doesn't pay IMU on his house. If he owns a second home, then he pays the IMU etc on that home
What does IMU stand for?

In Italy, there is a property tax that real estate owners have to pay every year, which is called IMU (imposta municipale unica).The IMU tax applies to the possession of houses - with the exception of the primary residence

by Stratocaster Fri Jul 03, 2020 10:25 pm

Are there any guidelines available (in English) as to how the IMU is calculated?

by alan h Sat Jul 04, 2020 8:27 am

Stratocaster wrote:Are there any guidelines available (in English) as to how the IMU is calculated?

Its based on the RENDITA value for the house [on the deeds somewhere, i think], and you can then use this website

https://www.amministrazionicomunali.it/imu/calcolo_imu.php ;-

by Stratocaster Sat Jul 04, 2020 9:08 am

alan h wrote:
Stratocaster wrote:Are there any guidelines available (in English) as to how the IMU is calculated?

Its based on the RENDITA value for the house [on the deeds somewhere, i think], and you can then use this website

https://www.amministrazionicomunali.it/imu/calcolo_imu.php ;-

Thanks. This will be useful.

by Vicino Tue Jul 14, 2020 9:00 am

alan h is correct, in the original query it was also asked about whether there were differences region to region..............in short yes, but the link that alan h gave you will allow you play around with the different areas which might help. I suspect different comunes will apply different rates.

V

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What are the tax rates for owning more than one property in Italy?

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