Jackson-Stops & Staff – ESTATE AGENTS • SURVEYORS • AUCTIONEERS • LAND AGENTS • PROPERTY CONSULTANTS
Buyers guide to Italy Home › Property Search › Register › Buyers guide to Italy Introduction › The buying process › A step-by-step guide › Extra costs over and above the purchase price › Lifestyle and climate › back to jackson-stops.co.uk Home › Jackson-Stops offices › International property › Italy Extra costs over and above the purchase price Fees & Taxes In total, add on about 10 percent of the quoted price to cover the notary fees, tax and estate agents fees. Two property taxes are levied in Italy: a Council tax, called ICI, which is paid to the local commune; and IRPEF, which is paid to the state. The amount due is dependent on the size of the house and on the commune in which it is located. CGT is not applicable if the owner sells after five years’ ownership, selling prior to five years incurs a charge on a sliding scale depending on the number of years of ownership. A ricevuta fiscale (fiscal receipt) is required for tax purposes on any restoration work undertaken. The document also acts as a guarantee should any dispute arise.