Property tax analysis of Italian immigrants

# Italian Immigrants # Introduction The taxes and fees for immigrants to buy real estate in Italy generally include stamp duty, land registration tax, cadastral tax, value-added tax and other additional taxes. The following is the introduction of Italian immigration property tax, welcome to read!

Introduction of Italian Immigration Property Tax

The "cadastral declared value" of the property on the sales contract represents the basis of the first three taxes we just mentioned. If you buy a master house in Italy, within 18 months after the final contract is signed, buy the house of the property you bought from a private seller or a company that does not levy value-added tax, and live at this address for more than 6 months for one year, and the stamp duty is equivalent to 2% of the property value (minimum payment 1000 euros); Land registration tax and cadastral tax are 50 euros each. Watch out! If you buy your ideal house from the VAT company, you will pay a little more. In this case, the value-added tax is stable at 4% of the declared real estate price, while the other taxes mentioned above are 200 euros respectively.

If you buy a property as a second home in Italy, you must pay the stamp duty equivalent to 9% (minimum payment 1000 euros); Land registration and cadastral tax are 50 euros each. If you buy from a company that applies value-added tax, you must also pay value-added tax, which is stable at 10% of the declared property price, and the other three taxes are 200 euros each.

After the buyer purchases, the properties in Italy, namely IUC and TARI, including IMU and TASI, are subject to tax.

IMU (Property Ownership Tax): Unless there is no luxury house, the original house owner is exempt from paying IMU. But if you have a second home, you must pay IMU. It applies to the cadastral value of real estate plus 5%, and you must multiply it by a coefficient, which may vary from town to town.

TASI: including the services provided by the town office where the property is located, such as street lamp tax and maintenance fee. Also in this case, the calculation of TASI may vary from town to town. There is no TASI in the autonomous provinces of Trento and Borzano. Instead, it is IMI and IMIS.

TARI: This involves a waste collection tax, which includes a fixed tax rate based on square meters and a variable tax rate based on the number of family members living there.

Chapter II Four Advantages of Italian Immigrants

1. Economic advantages

As the fourth largest economy in Europe, Italy is not only a founding member of the North Atlantic Treaty Organization and the European Union, but also a member of important international organizations such as the Group of Eight, the Group of Twenty, the Organization for Economic Cooperation and Development, the World Trade Organization and the European Parliament, with strong economic strength. Since the outbreak of the economic crisis, Italy's economy has rebounded rapidly and has strong anti-crisis ability.

Import and export trade is an important economic pillar of Italy. If you choose to start a business in Italy, a unique world market will open to you.

2. Commercial advantages

Italy's private economy is the main body, accounting for more than 80% of GDP. Small and medium-sized enterprises account for more than 98% of the total number of enterprises, which can be called "the kingdom of small and medium-sized enterprises".

Tourism is the second largest industry in the world, accounting for 10% of GDP. Italy provides a hotbed for businessmen. We in China especially like to run our own business. Italian entrepreneurial immigrants encourage you to start a business in Italy and develop your own company's European business, so the success rate is also high.

3. Educational advantages

The first university in the world, the University of Bologna, is located in Italy. It can be said that Italy is the birthplace of university education in the world.

Moreover, there are many high-level art colleges in Italy, and Italy, the country of art, is absolutely the first in the world in terms of artistic attainments. There is also a reason why Italy is the first in education. Italy provides free public education for immigrant children. Of the 88 universities in China, 55 are public universities, and immigrant children can attend the world's top education level for free.

4. Medical advantages

The second largest medical system in the world serves immigrants, and you can enjoy it when you come to Italy. Italy has the second largest medical system in the world, and all kinds of medical institutions are perfect. Public hospitals, private hospitals, health clinics, specialized hospitals and other different hospitals are all over Italy.

On the whole, Italy has a high level of comprehensive national strength and national welfare. Going to Italy will change a more comfortable working environment for you and bring a bigger platform and broader development space for your company and business.

Further reading: the problem of Italian immigrants buying a house

First, is the house price inflated?

With the introduction of the immigration policy linking buying a house in Italy with residence status, the door of Italian immigrants has been opened, and investors from all over the world have flooded in, which may lead to the phenomenon of inflated housing prices. Investors need to be vigilant and investigate the reasonable price of the country's real estate through multiple channels.

Second, is there a problem with the quality of the house?

Before deciding to buy a house, investors should conduct on-the-spot quality survey on the house to see if there are quality problems such as cracking and falling off.

3. What are the prospects for the future appreciation of houses?

Affected by the Milan World Expo, the transaction volume of Milan real estate market has maintained growth for seven consecutive quarters (annual growth of 5%), and the transaction volume of houses around Milan has also started to increase (+2. 1%).

Fourth, do immigrants who buy houses have sufficient legal protection?

There are two different types of visas to choose from when buying Italian real estate: one is an optional residence visa valid for 1 year, and the other is a long-term tourist visa valid for investment real estate for 5 years.