Tax Assistance for Your great Tuscany Home in Italy

IDEA Super Tuscan Projects Real Estate Services.

TAX ASSISTANCE

Once you have chosen your dream home in Tuscany, it’s important to understand the tax implications and seek appropriate tax assistance to navigate them. Here’s the kind of tax aspects you might want to consider:

Tax Consultant: A professional who can advise on property-related taxes, including registration tax, VAT, land registry tax, mortgage tax, and stamp duty.

Accountant: An expert in Italian tax law to help with tax filings and ensuring you take advantage of any available tax benefits or deductions. A certified accountant will also be able to follow your property by managing the tax dues once the deal is struck.

Legal Advisor: To guide you through the legal aspects of the purchase and ensure compliance with tax regulations.

Real Estate Agent: Knowledgeable in local tax laws, they can provide initial guidance on the taxes associated with the property transaction. In IDEA STP’s close network we have a few very experienced experts that will assist you from the analysis of your inquiry form till the appointment with the Notary.

These professionals can help you understand the taxes for buying a house in Italy, which generally include:

Registration Tax: A percentage of the cadastral value of the property, which is 2% for a main residence and 9% for a second home. These rates can shift and change. It is important to consider all factors at play.

VAT: Applicable if the property is purchased from a company and the construction was completed less than 5 years ago, or if it’s classified as social housing or a luxury property.

Land Registry Tax: A fixed amount, usually around 50 euros.

Mortgage Tax: Also a fixed amount, typically 50 euros.

Stamp Duty: Varies based on the property and transaction details.

Additionally, there may be tax incentives for renovations and energy efficiency improvements that proper tax assistance can help you leverage. It’s crucial to have these experts on your side to avoid any surprises and ensure a smooth property purchase process in Italy. At IDEA Super Tuscan Projects you can find all these experts working side by side to give you the utmost comfort and confidence in your Tuscan home project.