Italy Capital Gains Tax

Detailed capital gains tax rates and rules for Italy in 2026.

Capital GainsEUR

Capital gains from financial investments are generally taxed at a flat rate of 26% (imposta sostitutiva). Gains from Italian and EU government bonds and similar instruments benefit from a reduced rate of 12.5%. Individual investors can choose between three regimes: the dichiarativo regime (annual declaration), the risparmio amministrato (managed savings with tax applied per transaction by the intermediary), or the risparmio gestito (managed portfolio with tax on annual net gains).

Standard Rate

26%

Exemptions

Principal residence exemption if owned and used as main home for the majority of the holding period
Participation exemption (PEX): 95% of capital gains from qualifying shareholdings are exempt for corporations
Properties held for more than 5 years are exempt from capital gains tax for individuals (except building land)
Gains from government bonds and similar instruments taxed at reduced 12.5% rate

How Italy Capital Gains compares

Italy’s capital gains tax rate of 26% is the 26th highest of 203 countries TaxAtlas tracks, above the global average of 13.8% and Europe’s regional average of 17.8%.