Italy taxes a second home quite differently from a primary residence, and offers a flat-tax option on rental income that many investors use. General information only.
This is general information, not tax, legal or financial advice. Rates and rules are summarised as of early 2026, vary by region and property value, and change frequently. Onora does not verify figures or give advice — always confirm with a qualified local adviser before acting. See our disclaimer.
At a glance
| Tax | Indicative basis (early 2026) |
|---|---|
| Registration tax (second home, resale) | 9% of cadastral value |
| VAT (new-build from developer) | 10% (22% luxury) + fixed taxes |
| Annual tax (IMU) | applies to second homes; primary usually exempt |
| Rental income (cedolare secca) | 21% flat (26% on extra short-let units) |
| Capital gains | exempt after 5 years; otherwise ~26% option |
At purchase
For a second home bought resale, registration tax is 9% of the cadastral value (often well below market price), plus small fixed mortgage and land-registry taxes. From a developer, you pay 10% VAT (22% on luxury categories) instead. A primary residence is taxed far more lightly (2%), but most international buyers purchase a second home. Budget notary and agency fees on top.
