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Generic Tax Name Tax on real estate - Wealth tax on real estate located abroad
Tax name in the national language Imposta sul valore degli immobili situati all estero
Tax name in English Wealth tax on real estate located abroad
Member State IT-Italy
Tax in force since 2012/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco

Social security contribution Employers
Legal base

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.

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by


Geographical Scope

Individuals resident for tax purpose in Italy.

Tax object and basis of assessment

Tax object:

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.

Deductions, Allowances, Credits, Exemptions

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.

Rate(s) Structure

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).

Tax due date

Same date as Personal income tax.

Tax collector
Special features
Economic function

Environmental taxes

Tax revenue
ESA95 code D5


The amount of tax recovered is included in d29ab in the form "IT - Tax on real estate - Municipal tax"