Ever Wonder how much Ineritance Tax is on Italian Real Estate
Buying a home in Italy offers delightful experiences, from coastal vacations to rich cuisine and historic exploration. Many retirees relish the thought of sharing Italy’s charm with their families. When it comes to property inheritance, Italy levies taxes on all real estate within its borders, regardless of the owner’s residence at the time of passing. However, Italy’s inheritance taxes are favorably low, with a combined total of about 1% from mortgage and cadastral taxes, calculated on the typically lower fiscal value. There are further benefits, like the “First Home Bonus,” reducing these taxes for those meeting certain residency criteria. Alongside property, monetary inheritance taxes range from 4% to 8%, but generous deductibles often negate these costs, especially for immediate family. For detailed estate planning or property transactions in Italy, seeking expert assistance is recommended.