Q: I’m about to buy a property. How much will I pay in IMT taxes?
First of all, IMT Taxes all the change of ownership on properties, so this must be one of the top concerns when you buy or sell or villa or apartment.buying a home to live full time, you want to look at the first, top table.
You have two practical tables to do the math. The first is for those who are
Other than that, refer to the second table.
Now, an example to do the math:
I’m buying a holiday apartment that cost me, let’s say, 200.000€.
I refer to the second table and to the fourth line, that covers properties from 159.800,00€ to 266.400,00€.
I use the corresponding percentage, in this case 7%, and I multiply the price of the property with it. So:
200.000,00€ X 7% = 14.000,00€
I grab this value, and subtract the number on the right of the table, in this case 7.567,01€:
14.000,00€ – 7.567,01€: = 6432,99€ …And there you go; this is the number your check to finances must carry.
Rural properties will always pay straight away 5% IMT.
Any other type of property (ex; shop, warehouse, etc) will pay 6,5% of the value.
If you buying thru an ‘Off-shore’, or if your residence is in a country with less scrict fiscal rules, IMT will always be 8%.
No numbers to subtract in this last three cases.