Italy
Frequently Asked Questions
- Will I pay taxes?
- How much money does one have to put down immediately?
- What is a notaio (notary official)?
- What is the process in signing a contract?
- Can I have a lawyer instead or a notary official?
Will I pay taxes?
Yes there are municipal taxes to pay on every property, and also owning a property in Italy it is necessary to fill in a personal tax return.
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As a rule, one third of the asking price.
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Someone who represents the state and oversees the sale, to make sure both parties rights are protected.
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In Italy only a notary (notario) can officiate, create and validate a contract, whether it be for buying or selling a property, establishing a company or partnership etc.
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No, but should you wish your lawyer be present at the contract signing, I'm sure that would be fine. Your lawyer can advise you re. the contract, but he cannot substitute the notary official.
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