What are the laws for buying property for stranieri in Italy?
BT: Italy has no laws that differentiate between Italians and foreigners when it comes to the purchase of real estate. There are laws in Italy, just as there are in most other advanced countries around the world, that prohibit discrimination of any kind. You should (and will) be treated exactly like an Italian. However, if you are not, you should be asking your real estate professional or your attorney to look into the matter. TF: How long must you own a property in Italy in order to achieve the maximum tax benefits? BT: If you sell a property that you have owned for five years or longer, you will not be taxed (in Italy) on its resale. But, if you sell in less than five years, it is seen as speculation and therefore subject to high rates of income tax. There is not a capital gains tax rate in Italy. However, if you are an American citizen, you may be subject to US income taxes, regardless of the taxes you pay in Italy. In this matter, you should consult with your US tax professional. T
