Pay Zero Capital Gain Taxes
Investing in Italian real estate offers not just picturesque views but also favorable tax incentives. For those holding property for five years or more, Italy rewards with zero capital gains tax upon selling. It’s essential, however, that the property title is under an individual’s name. If listed under a company, exemptions change unless it’s a sole proprietorship, termed “Partita IVA” in Italy. For properties held less than five years, a 26% capital gains tax is applicable. Yet, there’s a silver lining for primary residences: selling before five years and buying another property within a year, even in another EU country, maintains the tax exemption. Additionally, benefits from the “Bonus Prima Casa” incentive remain intact. Such tax-friendly provisions make Italy an attractive hub for global property investors.