Taxes
Italy — Tax: Wealth Tax
Italy has no general wealth tax but charges IVIE at 1.06% on foreign real estate and IVAFE at 0.2% on foreign financial assets.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries — Italy, Individual, Other taxesLast reviewed: 2026-10-23
Key facts
- IVIE, the wealth tax on foreign real estate, is 1.06% from FY 2024 and not due if under EUR 200.
- IVAFE on foreign financial assets is 0.2%, rising to 0.4% for assets in privileged-tax states, and bank accounts carry a fixed EUR 34.20 per account unless the average balance is under EUR 5,000.
- IMU property tax on Italian real estate has a basic rate of 0.5% on the principal abode and 0.86% on other property, adjustable locally.
- Inheritance and gift tax is 4% above EUR 1 million for spouses and direct relatives, 6% above EUR 100,000 for siblings, and 8% for others.