Property fees and taxes when buying.

Last activity 21 November 2024 by Modicasa

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marazzoNew memberYesterday 12:01:04

Hi I need advice on buying a €12000 2 bed flat in Matera.

It's 65sqm and I think it's A/3 Cadastral.

It will be my first property and used as a my own holiday home.

Now the agent what's to charge €2500 + 22% vat then with registration fees/ maybe Stamp duty and notary fees, it will be €7/8000 is this normal.

Thank you

CasaparadisoNew memberYesterday 14:58:19

Unfortunately it sounds close to my experience. Doubling the asking price is about right to get a property in Italy when all is said and done. (I live just down the road in Pisticci and built a house 5 yrs ago.) The only thing I can advise you is to NOT cut any corners in this process as it will bite you terribly down the road. Good luck and hope you enjoy the south as much as I do.

ModicasaContributorToday 04:40:38

174

The cheaper the property the larger the percentage you pay on purchase. The agent is charging a minimum 2500, (could be worse.-.. in Molise they charge 3000) plus IVA. The notary and the tax man have minimums too - the minimum tax you can pay is 1100. As you are using it as a holiday home and not taking residency you cannot buy as prima casa - so you will be paying 9% of the rateable value - which on a 12000 house will probably be the minimum anyway.

So in a long answer, yes, but it sounds a bit high - I would have thought around 5000/6000.

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