Valpolicella Property
Valpolicella Property

Why Choose PPG

For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a personal service, at no extra expense. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Valpolicella Property

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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.

3 properties found

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Rustic Farmhouse with Bed & Breakfast and Restaurant Bar for Sale in the Verona Lake Garda area.

Rustic Farmhouse with Bed & Breakfast and Restaurant Bar for Sale in the Verona Lake Garda area.
995,000 EUR

Rustic Farmhouse with Bed & Breakfast and Restaurant Bar for Sale in the Verona Lake Garda area.

This enchanting rustic farmhouse is located in San Giorgio di Valpolicella, also known as Ingannapoltron, a hamlet listed as one of the most beautiful villages in Italy and one of the five villages th...

REF: 206254
  • Floor Size: 360 square metres
  • Bedrooms: 5
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4 bedroom farmhouse for sale, Sant Ambrogio di Valpolicella, Verona, Lake Garda

4 bedroom farmhouse for sale, Sant Ambrogio di Valpolicella, Verona, Lake Garda
2,200,000 EUR

4 bedroom farmhouse for sale, Sant Ambrogio di Valpolicella, Verona, Lake Garda

Beautifully presented stone built warehouse set within a working 20,000m2 vineyard with ‘Valpolicella DOC’ vines. Located in one of the most historical and enchanting areas of Valpolicella, whi...

REF: 196442
  • Floor Size: 850 square metres
  • Plot Size: 20,000 square metres
  • Bedrooms: 4
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Prestigious Valpolicella Villa with 18 bedrooms for sale as Hotel or Private Residence

Prestigious  Valpolicella Villa with 18 bedrooms for sale as Hotel or Private Residence
19,000,000 EUR

Prestigious Valpolicella Villa with 18 bedrooms for sale as Hotel or Private Residence

Nestled in a beautiful rural setting is this superb and prestigious villa dating back to the 16th century. An outstanding residence of the Valpolicella region, it is found only 10 minutes from...

REF: 176697
  • Floor Size: 5,835 square metres
  • Plot Size: 75,000 square metres
  • Bedrooms: 18
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