Italian Capital Gains Tax (CGT)

Capital gain made from selling properties within five years of the purchase is subject to withholding tax at 20% (was 12.5% until October 2006).

Sale of properties, which have been owned for more than five years, are exempt from CGT. Properties bought under the Prima Casa (main dwelling) status are exempt from this tax as well, but note that non-resident cannot consider any house in Italy as Prima Casa (main dwelling).

Gas, electric, water, connections and payment of bills relating to the property can be organised and paid on your behalf by our office staff at a low fixed annual charge.