Frequently Asked Questions
Question: I am an Italian national owning property abroad. What are the criteria used to calculate the amount of municipal tax I have to pay?
Reply: The tax simplification decree issued by the Monti government has laid down the parameters for calculating the municipal tax on properties held abroad. This is not payable if the amount falls below €200. To calculate the tax reference is no longer made purely to the market value of the property but to the rules on wealth taxes or transfer taxes in the foreign country concerned. If the building is used as the main place of residence, a further deduction of €200 is allowed. A 0.4% reduction of the amount due is granted to Italians working for a foreign state. If the property is used as the main place of residence, a deduction of €200 is also granted.
Page published on 06/03/ 2012.
