2 December, 2024
Selling property in Italy as a foreigner: key legal steps and tax implications
Foreigners selling property in Italy encounter unique legal and tax requirements that are essential to understand before listing their property on the market. Italy imposes capital gains tax on properties sold within five years of purchase, with exemptions applying if the property has been used as the seller’s primary residence. The sale process requires a notary (notaio) to formalize transactions, verify legal documentation, and ensure the property is free of liens or debts. Additionally, it’s crucial to work with Italian tax advisors to optimize tax outcomes, especially for foreign nationals who may be subject to cross-border tax regulations. Proper guidance can simplify the transaction and help sellers maximize profits while ensuring all legal requirements are met.
