Consulting: Taxes and fees on property in Calabria
Briefly, here are answers to the most frequently asked questions about additional/recurring payments.
Purchase tax:
A one-time tax upon purchase is calculated by the notary individually, but for the secondary market such a tax on a large villa rarely exceeds €4000-€5000. Notary, execution of the contract, official translation: about €3000
For new housing
1. Tax 9% of the cost.
2. Notary also about €3000.
Taxes when buying secondary housing are lower.
Annual payments:
Property tax around €150 per year
If the villa is in a complex, the condominium will cost about (security, maintenance of the territory, pool, etc.) - €2500-€3000 per year.
Communal payments
Electricity is on average 50 euros per month.
The water fee is about 250 per year.
Garbage removal about 300 euros per year.
Well, if you decide to rent out, the apartment will cost about 150 euros per day, a villa with a pool will be about 350 euros per day in the season (June-September, part of May and October).
More detailed
We have been working in the real estate market in Calabria for many years. Here you can get all the necessary information on taxes and fees even at the stage of discussing the purchase, so you can be sure that there will be no additional costs during the transaction.
We offer a full range of services for the purchase of real estate in Calabria, Southern Italy:
- translation services;
- advice on taxes and fees;
- free services of a lawyer in the preparation of all documents and contracts for the purchase of real estate;
- after-sales service;
When buying real estate in Calabria, you pay tax either on the market value or on the cadastral value of the property in accordance with Italian law. For review, we will give you all the main options for taxation of a home owner.
1. When buying real estate from a legal entity on the primary market, you pay:
- VAT in the amount of 10% of the commercial value of real estate;
or
- VAT in the amount of 22% of the commercial value when purchasing luxury real estate (categories A / 1, A / 8 or A / 9);
- fixed registration tax - €200;
- fixed cadastral tax - €200;
- fixed mortgage tax - €200;
- state fee - €230;
- stamp duty - €90;
2. When buying real estate from an individual in the secondary market. you pay:
- registration tax of 9% of the cadastral value of real estate;
- mortgage tax - €50;
- cadastral tax - €50.
If you buy a “first home” in Italy, you can take advantage of substantial tax rebates. This is the so-called bonus on the purchase of the main home, which allows you to significantly save on fees associated with the registration of the deed of sale and registration of real estate. To do this, you must fulfill a number of conditions stipulated by Italian law. The main condition is the registration of a residence permit in Italy and registration of registration within the same municipality where the acquired real estate is located. The buyer must do this within 18 months after purchasing the property, and the property must not be luxury (that is, categories A / 1, A / 8 or A / 9);
When buying real estate from a legal entity on the primary market, you pay:
- VAT at the rate of 4% of the commercial value of real estate;
- fixed registration tax - €200;
- a fixed mortgage tax of €200;
- a fixed cadastral tax of €200;
- stamp duty in the amount of €90;
- state fee - €230.
When buying real estate from an individual in the secondary market you pay:
- registration tax of 2% of the cadastral value of real estate;
- fixed mortgage tax of €50;
- a fixed cadastral tax of €50.
All listed tax payments, except for VAT, are paid to the notary at the time of signing the notarial agreement. The average price of notary services is about € 2,500, this amount already includes fixed taxes when buying real estate in the primary market and the secondary market.
After-sales service.
After purchasing real estate in Calabria and entering into ownership rights, you need to draw up a number of other documents, namely:
- provide a mandatory notification to the Municipality to the water utility service;
- conclude a contract for electricity and gas;
- notify the local municipality about the provision of garbage collection services.
Municipal taxes on residential property in Italy in 2022.
Municipal property taxes are the municipal property tax (IMU), the tax on indivisible services (lighting, roads, sewerage, electricity, etc., TASI) and the municipal waste disposal tax (TARI).
Accordingly, it is necessary to pay for water supply and sewerage services, electricity, gas supply.