Taxes in Europe Database v2
D.L. n. 201 of 2011 (art. 19) converted into Law 214 of 2011, D.L. n. 16 of 2012 converted into Law n. 44 of 2012, law n. 228 of 2012 (art.1, par. 518 - 519), Act of General Director of revenue of 5 June 2012.
Individuals resident for tax purpose in Italy.
Real estate located abroad
Basis of assessment:
For real estate located in EU Member States or States of the European Economic Area allowing an adequate exchange of information, the cadastral value as determined in the foreign State or the application of wealth taxes or income taxes.
If that value is not available, and in any other case (real estate located out of EU and EEA) the value stated on the purchase document will be used. If even this value is not available, the current market value of the property will be taken in consideration.
IVIE is due in proportion to the ownership quota and possession period.
Credits: Taxpayer may credit against IVAIE the amount of wealth tax paid in the country where the property is located
Exemption: the wealth tax is not due if its amount does not exceed 200 euro.
0.76% reduced to 0.4% on the property used as main abode (in this case, an amount of 200 euro is deducted from the amount of IVIE to be paid).
Same date as Personal income tax.
The amount of tax recovered is included in d29ab in the form "IT - Tax on real estate - Municipal tax"