Panicale Property
Panicale Property

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Prestige Property Group have been serving clients throughout the world since 1995. We are now an established and trusted brand and are very well known for our customer service.

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Panicale Property

Panicale is a medieval hilltop town in Umbria, its long history stretches back to Etruscan times. Today it has kept its charm, there are sights to see and many eateries off the main piazza selling delicious food and wine. Inside the city walls you can steep yourself in history by visiting its ancient buildings including, the Palazzo del Podesti, the Palazzo Pretorio and the church of Saint Michele Arcangelo.

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Taxation

Various taxes must be paid on purchases. Registration tax / stamp duty (Imposta di Registro) is calculated on the government’s valuation of the property (Valore catastale). This will vary according to whether the property is being purchased as a holiday home, or as your primary residence. For a holiday home stamp duty will be 10% of the valuation. If you are intending to use the property as your primary residence and apply for residency (Prima casa), providing this is done within 18 months of the property transfer then stamp duty will be reduced to 3% for an existing property and 4% for a new build. This will be paid to the Notary on completion of the purchase.

Land registration, mortgage and cadastral taxes also need to be paid to the Notary on completion. These are one-off payments and are around €168 each.

Once the property has been purchased further taxes must be paid. There is a local council tax ICI/IMU property tax (Imposta Comunale sugli Immobili) of 0.4% to 0.9% of the property’s cadastral value. The rate for this is calculated annually by the council and paid bi-annually in June and December. This rate will be reduced if the property is the primary residence (Prima Casa).

If you are not resident in Italy you will have to declare any income gained from activities in Italy to the Italian Tax authorities. This income will also have to be declared in your country of residence, you will need a double taxation agreement to mitigate against paying twice. This declaration will apply to any income you might obtain from letting a property in Italy. Some expenses incurred on the property may be off-set against the income you derive from letting out the property. This can include management expenses, local taxes, repairs etc.

There is one tax which applies only to holiday homes, there will be a 20% Capital Gain on the difference between the buying price and the selling price if the property is sold prior to 5 years ownership.

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IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.

20 properties found

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10 bedroom farmhouse for sale, Panicale, Perugia, Umbria

10 bedroom farmhouse for sale, Panicale, Perugia, Umbria
750,000 EUR

10 bedroom farmhouse for sale, Panicale, Perugia, Umbria

Charming agriturismo business for sale in Panicale in a hilly, pretty location with lovely views. The property stands on 13 hectares of land with a lake, and a fenced garden of 2,000 m2 with s...

REF: 209757
  • Plot Size: 130,000 square metres
  • Bedrooms: 10
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3 bedroom farmhouse for sale, Panicale, Perugia, Umbria

3 bedroom farmhouse for sale, Panicale, Perugia, Umbria
335,000 EUR

3 bedroom farmhouse for sale, Panicale, Perugia, Umbria

In a lovely location in the hills and not far from the historic centre of Panicale, this detached farmhouse comes with approximately 140m2 of living space over two levels. The accommodation is...

REF: 204448
  • Floor Size: 140 square metres
  • Plot Size: 22,000 square metres
  • Bedrooms: 3
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3 bedroom villa for sale, Panicale, Perugia, Umbria

3 bedroom villa for sale, Panicale, Perugia, Umbria
350,000 EUR

3 bedroom villa for sale, Panicale, Perugia, Umbria

Recently restored 3 bedroom house, set within a flat plot, near Trasimeno Lake. This detached house has a living area of 150m2, which is set out over 3 levels, which comprises of: Ground...

REF: 184492
  • Floor Size: 150 square metres
  • Plot Size: 1,000 square metres
  • Bedrooms: 3
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2 bedroom apartment for sale, Panicale, Perugia, Umbria

2 bedroom apartment for sale, Panicale, Perugia, Umbria
400,000 EUR

2 bedroom apartment for sale, Panicale, Perugia, Umbria

This gorgeous apartment is in the heart of the historical centre and is part of an ancient building in the main piazza of Panicale. This most elegant apartment has 125 m2 of living space, on th...

REF: 180865
  • Floor Size: 125 square metres
  • Bedrooms: 2
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8 bedroom farmhouse for sale, Panicale, Perugia, Umbria

8 bedroom farmhouse for sale, Panicale, Perugia, Umbria
400,000 EUR

8 bedroom farmhouse for sale, Panicale, Perugia, Umbria

This very attractive farmhouse is presented in very good condition, it is in a dominant position with beautiful panoramic views overlooking the surrounding valley. The stone property comes with...

REF: 180848
  • Floor Size: 400 square metres
  • Plot Size: 2,000 square metres
  • Bedrooms: 8
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3 bedroom commercial property for sale, Panicale, Perugia, Umbria

3 bedroom commercial property for sale, Panicale, Perugia, Umbria
600,000 EUR

3 bedroom commercial property for sale, Panicale, Perugia, Umbria

This historic property is in the town centre and comes with 400m2 of floor space with two business premises. The property has two entrances and the living space is spread over two levels as fol...

REF: 180771
  • Floor Size: 400 square metres
  • Bedrooms: 3
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2 bedroom house for sale, Panicale, Perugia, Umbria

2 bedroom house for sale, Panicale, Perugia, Umbria
87,000 EUR
Price Reduced

2 bedroom house for sale, Panicale, Perugia, Umbria

PRICE REDUCED - This is a lovely little semi detached stone house not far from the medieval hamlet of Panicale. There is a nice kitchen/dining room with fireplace, a large living area with be...

REF: 171141
  • Floor Size: 70 square metres
  • Plot Size: 300 square metres
  • Bedrooms: 2
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4 bedroom farmhouse for sale, Panicale, Perugia, Umbria

4 bedroom farmhouse for sale, Panicale, Perugia, Umbria
369,000 EUR
Price Reduced

4 bedroom farmhouse for sale, Panicale, Perugia, Umbria

PRICE REDUCED - Beautifully restored stone built farmhouse, on 2 levels with 4 bedrooms and 5 bathrooms. Located just a couple of km from a lovely hilltop medieval village, in the middle of th...

REF: 171127
  • Floor Size: 300 square metres
  • Plot Size: 5,000 square metres
  • Bedrooms: 4
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3 bedroom farmhouse for sale, Panicale, Perugia, Umbria

3 bedroom farmhouse for sale, Panicale, Perugia, Umbria
690,000 EUR

3 bedroom farmhouse for sale, Panicale, Perugia, Umbria

250m2 fully renovated farmhouse, comprising of: Ground floor: entrance hall; kitchen with fireplace and access to a porch; wood oven; laundry room; bathroom and a large living room with firepla...

REF: 168422
  • Floor Size: 250 square metres
  • Plot Size: 8,000 square metres
  • Bedrooms: 3
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4 bedroom house for sale, Panicale, Perugia, Umbria

4 bedroom house for sale, Panicale, Perugia, Umbria
248,000 EUR
Price Reduced

4 bedroom house for sale, Panicale, Perugia, Umbria

PRICE REDUCED - Semi-detached house on 2 levels, located near Panicale and Paciano, with a living area of about 130m2, featuring: Ground floor: large kitchen, living room, bedroom and bathroom....

REF: 168409
  • Floor Size: 130 square metres
  • Plot Size: 600 square metres
  • Bedrooms: 4
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