Italy Wealth & Property Tax
Detailed wealth & property tax rates and rules for Italy in 2026.
Wealth Tax
Italy does not levy a general wealth tax on domestic assets. However, Italian tax residents must pay a financial assets tax (IVAFE) of 0.2% on financial assets held abroad, and a property tax (IVIE) of 0.76% on real estate held abroad (0.4% for principal residence in the EU/EEA).
Wealth Tax Rate
0%
Inheritance / Estate Tax
Italy levies inheritance and gift tax (imposta sulle successioni e donazioni) with rates and exemptions depending on the relationship to the deceased. Spouses and direct descendants: 4% above €1 million per beneficiary. Siblings: 6% above €100,000 per beneficiary. Other relatives (within 4th degree): 6% with no exemption. Unrelated heirs: 8% with no exemption. Italy's inheritance tax rates are among the lowest in Western Europe.
Top Rate
8%
Property Tax
Italy levies IMU (Imposta Municipale Unica) on real estate, typically ranging from 0.46% to 1.06% of cadastral value. Principal residences (except luxury categories A/1, A/8, A/9) are exempt from IMU. A municipal services tax (TASI) was merged into IMU from 2020. Property transfers are subject to registration tax of 2% (first home) or 9% (other properties) of cadastral value, or 22% VAT for new builds from developers.
How Italy Wealth Tax compares
Italy does not tax net wealth. 191 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
