The seller may choose whether to pay a substitutive tax of 26% or a variable tax based on to his/her income.

Let’s make a couple of examples:

a) Mr. Tom purchased an apartment in 2018 for a price of 100,000 euro; he paied 10,000 euro for restructuring costs* that have increased the value of the property. He resells the good in 2022 for a price of 120,000 euro. The capital gain is 120,000 – 100,000 – 10,000 = 10,000 euro. Thus, if Tom chooses to pay the substitutive tax (26%), the amount will be 2,600 euro.

b) Ms. Jenny purchased an apartment in 2015 for a price of 150,000 euro; she resells it in 2023 for 300,000 euro, no taxation on capital gain is levied by the Italian Tax Agency.

If the property is resold after five years no taxation is levied on capital gain according to the Italian tax law. However, in case of a non-resident person the seller could be liable for taxation in the country of residence, pursuant to the domestic law, as provided for the double taxation agreement (or DTA) stipulated between Italy and seller’s home state.

On the other hand, the buyer is responsible for other taxes and expenses related to the purchase, such as registration and cadastral taxes, and notary’s fee.

* this is only an indicative example, every issue has to be discussed case by case 

The post How capital gain is taxed when an Italian property is reselled? appeared first on S&P Law Firm in Italy.

Here are some of the leading real estate sites in Italy where both real estate agents and individuals advertise. You will find homes such as stone houses, apartments, villas, farms, castles and holiday homes.  Although many housing sites are in Italian, it is not difficult to find the house of your dreams. You can always use google translate.

If you have patience and especially if you have time, you can find interesting properties at very good prices. Also, don’t forget that in Italy you always have to negotiate the price. Check how long the ad has been up, it will help you understand the situation. For example. it is not difficult to find an object for sale in 2 or 3 years.

NOTE: It may also happen that several different brokers advertise the same property, for different prices. That doesn’t mean real estate agents aren’t serious! It’s almost always the seller’s fault. It happens very often that the seller contacts several brokers at different times and then forgets to keep everyone updated on price changes.

1) IMMOBILIARE.IT
www.immobiliare.it

Here, mainly brokers advertise.
There are approx. 1.2 million real estate ads.
Language: Italian, English

2) IDEALISTA.IT
www.idealista.it

Both brokers and private individuals advertise here.
Language: Italian, English

3) SUBITO.IT
www.subito.it/annunci-italia/vendita/immobili/

Corresponds to the Swedish “blocket”.
Here, mainly private individuals advertise.
Language: Italian

4) CASA.IT
www.casa.it/

Here, mainly brokers advertise.
There are approx. 850,000 real estate ads.
Language: Italian

5) HOMEPAL.IT
www.homepal.it/

Only private persons advertise here!
Language: Italian

6) CERCACASA.IT
cercacasa.it/

Here only authorized real estate agent member of the Italian Association of Real Estate Agents FIAIP advertise.
Language: Italian, English

7) GATE-AWAY.COM
www.gate-away.com

Both brokers and private individuals advertise here.
Language: English 

8) KIJIJI.IT
www.kijiji.it/case/

Here, mainly private individuals advertise.
Language: Italian

9) EUREKASA.IT

www.eurekasa.it/

Both brokers and private individuals advertise here.
Language: Italian

10) ATTICO.IT
www.attico.it/

Both brokers and private individuals advertise here.
Language: Italian

11) KIIIU.COM
www.kiiiu.com

Both brokers and private individuals advertise here.
Language: English, swedish, chinese, russian, arabic

The post Find a house. All leading housing sites in Italy appeared first on S&P Law Firm in Italy.