Real estate in Puglia is a good long term investment.
Discover the tax benefits of owning a property in this beautiful and growing region.
Property tax is less expensive
In Italy, you pay the tax on property. Its cost represents about 1% of the Cadastral value of the property, which is re-evaluated every 8 years.
The applicable rate and the cadastral revision are specific to each region. This tax is collected by the Agencia Del Entrata.
Example : cost of € 150 per year for a property valued at € 100,000
Rental tax
If your property is rented, the tax base is equal to the gross income The tax rate is 24%.
If your property is not rented, but for example used only by yourselves: the Income Tax is due to 24% of a notional rental income estimated at 2% of the cadastral value. The latter has not been revised since 1994, the price is 1.1%..
Example : € 150 per year for a property of € 100,000
Inheritance
As in all countries, in Italy this can be quite complicated and is always treated on a case by case basis.
Please be aware that the writing of a Will is included in our services, which will facilitate the process of inheritance to give you and your Family peace of mind and security.
Declaration Of Second Residence
You are obliged to include your residence abroad in your Belgian tax return.
Under double taxation treaties, income will be taxed in the country where the property is located. Belgium must therefore exempt income from this property.
Registering a Car in Italy
There is no tax on circulation in Italy.
If you wish to register your vehicle, you must apply for registration with the municipality of your place of residence.
A road tax is payable for all cars registered in Italy. It is payable annually, usually to your local Town Hall and the price is dependent on the make and size of your vehicle; expect to pay about 85 € / year for an average size car