Real property gains tax levy in Italy is 26% (the rate was 20% until 2020) on gains from the disposal of the property sold within 5 years of purchase. Called in Italian “imposta sostitutiva”
It is calculated from the sum of the difference between the sale and purchase price and the documented purchase costs.
Please note, not all expenses may be deducted.
Possible write-off costs:
Make sure that the invoices for the works are issued correctly in the name and surname of the owner, with the Italian tax code, the works at the address of your property have been correctly described. The decision to pay this tax is made at the time of signing the deed of sale. The taxes are paid for you by the notary.
Or, you can declare the capital gains on your income tax return and pay taxes at the progressive personal income tax rate (imposta reddito persone fisiche).
- Certified copy of the Title Deed;
- If after the date of the deed there were made changes to the property you should provide Municipal Authorizations (building permit);
- Copy of the Certificate of Habitability (Certificato di Agibilità)
- Original of the declarations of conformity of the electrical, plumbing
and gas or communicate the non-compliance of the plants with the current legislation;
- Copy of condo rules;
- The cadastral floor plan;
- Energy Certification.
The owner has the following advantages to sell through the “exclusive” listing:
- the owner get more exposure of his property through the different marketing channels of Agency
- this property has major priority for the Agency;
- the owner receive the report of the inquiries and visits.
It might be 3 months, 6 months or 1 year.
Lake Como real estate market is attracting many foreign investors searching through the web, so we invest a lot in the visibility of our website www.bestcomo.com.
Our web site www.bestcomo.com has about 3,500 visitors each month with about 25 000 views. Our visitors are from all over the world (USA, Russia, England, Germany, Switzerland, United Arab Emirates, the Netherlands and many others countries).
For each property for sale, we are developing suitable advertising campaigns including international, national and local advertising. ((Online Newsletter Campaign, Social Marketing Tool, AD campaign, featured listing)
Offices of Best Como Immobiliare are located close to the 5 star Grand Hotel Tremezzo walking from Villa Carlotta along the lakeside, in the most popular and attractive place on lake Como, and in the old wallet city of Como close to Duomo, so in front of our “storefront” people often stop, take our brochures, stop by or call us later. The largest percentage of return of “storefront” is during the tourist season. But if we estimate a percentage, it will be 20% of the transactions, as still the largest number of clients come to us through advertising on the web.
Yes it is possible. The loan will be repaid on a notarial deed of sale from the amount of the price. The bank will inform his client in advance the exact amount of loan to pay at the deed. For loans granted to individuals, together with the payment of a debt, the bank removes the mortgage from the property for free. The notary conducts all necessary steps to close the loan in order to guarantee both the seller and the buyer.