In this episode, Tytle’s tax expert explains the key aspects of capital gains tax (CGT) in Italy, covering the rules and options available for newcomers and long-term residents. The discussion starts with an overview of taxable assets, including real estate, securities, and other investments, and what constitutes a taxable event.
The standard CGT rate in Italy is 26%, but certain exemptions apply. Real estate is exempt if held for more than five years or if it is a primary residence. Specific bonds and investment funds may also qualify for exemptions. The episode also highlights deductions, such as notary fees and broker commissions, which can reduce taxable gains.
For new residents (neo-residenti), Italy offers a flat tax option of €200,000 on foreign-sourced income, simplifying compliance for qualifying high-net-worth individuals.
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