When you sell property in Italy, the main tax is capital gains tax, charged on the difference between the sale price and your purchase cost, plus documented expenses. It applies only if you sell within five years of buying. After five years, no capital gains tax is due. It is also not due if the property was your main home for most of the time you owned it, or if you inherited it. Where it applies, you can opt at the deed for a 26% substitute tax instead of ordinary income tax rates. For properties renovated with the Superbonus, the period can extend to ten years. The same rules apply to non-resident sellers. Our Rome advisors can help you plan the timing of a sale.
