Stamp duty is two percent of the cadastral value of the home if you are resident in Italy full time. The cadastral value is generally an amount lower than you have paid for the house, as it’s based on a valuation of the property from several years ago.
So normally this works in the buyer’s favour. OR it’s nine percent of the cadastral value if this is your second home in Italy, or if you are non-resident.
If you are buying as a business rather than as an individual then nine percent is applied. The minimum payment for stamp duty is €1,000.
So, if your house is very low priced, and either two or nine percent of the property’s value falls below this threshold, you will be charged a flat fee of €1,000. Note: You have 18 months to become resident in Italy from the date of your house purchase.
If it is your intent to become a resident, you will only be charged two percent stamp duty at this stage. Should you not become resident within 18 months, then the government will require the outstanding seven percent.