Campione d‘Italia is an enclave of Italy on the territory of Switzerland. Taxationwhen buying property in Campione d‘Italia is subject to Italian law, but has its own differences and nuances.

Property taxes in Campione d’Italia

Property taxation in Italy is the same for everyone. Its rates do not depend on whether you are a resident or non-resident of this country. When determining the amount of property tax, factors such as:

• Whether this is your first or second property purchased in Italy.
• Who is the seller (an individual – that is, the person in whose ownership the object is located, or a legal entity – for example, a construction company selling built housing on the primary market).
• Whether or not you will register residence at the address of the property you are buying.

Capital investments in Italian property are regulated by the Agreement on Mutual Protection of Investments and the Treaty on Avoidance of Double Taxation between Russia and Italy.

Any foreigner can buy property in Campione d’Italia on equal terms with locals.

1) If you have signed a contract to purchase property:

А. By purchasing the first house or flat in Campione d’Italia (for permanent residence with registration and obtaining residence) from a private person, you will be subject to favourable taxation. The additional costs will be:

• 2% (registration tax) of the cadastral value, but not less than 1000 Euros; cadastral tax – 50 Euros;
• mortgage tax – 50 Euro;
• notary services.
• Obligatory for you to obtain a residence permit, as well as registration in the purchased flat or house (registration of residence). It should be done no later than 18 months from the date of signing the contract for the purchase of real estate at the notary. You can sell the property no earlier than 5 years from the date of registration at the address of the property.

Б. Do not fall under favourable taxation transactions on purchase of commercial property

• Commercial property.
• Luxury villas.
• When buying a “second” (in number) house or flat on the territory of Italy in particular in Campione D’Italia.
• Buying property in Italy on the territory of Campione d’Italia, without obtaining a residence permit and registration of registration (residence) at the address of the purchased property. Costs for the above transactions:
• 9% of the cadastral value (registration tax), but not less than 1000 Euros. This amount includes all three fees: registration (7%), cadastral (1%) and mortgage (1%). The calculation of taxes is based on the cadastral value of the property;
• cadastral tax – 50 Euros;
• mortgage tax – 50 Euros;
• notary services.

В. Deciding to buy a house or flat from a property developer in Campione D’Italia, you will have to pay:

• cadastral tax – 200 Euros;
• mortgage tax – 200 Euro;
• registration tax – 200 Euro;
• registration stamp – 230 Euro;
• notary services.

2). Costs for interpreter are from 800 to 2000 Euro. For buyers who do not speak Italian, the purchase contract must be translated into their native language. It all depends on the complexity and volume of the documents to be translated.

3). Costs for commission commission to real estateagency. The amount of commission is agreed with the real estate agency in advance. It is set as a percentage of the selling price of the property. The standard condition of agencies in Campione D’Italia – 3% of the amount specified in the contract of sale. The commission is paid at the stage of signing the preliminary contract by the buyer and the seller.

If you have any additional questions, please call and write to us. We will be happy to answer all your letters and calls.

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