Income tax on rent, worked example, in Italy
Taxation Researcher | January 30, 2022
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on February 24, 2016.
Fahn Kanne & Co Grant Thornton is a member firm of Grant Thornton International. Grant Thornton International is not a worldwide partnership. Member firms of the international organization are independently owned and operated.
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 1.00 EUR
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is taxed at progressive rates.
|TAXABLE INCOME, €||RATE|
|Up to € 15,000||23%|
|€15,000 - € 28,000||27%|
|€28,000 - € 55,000||38%|
|€55,000 - € 75,000||41%|
|Over € 75,000||43%|
|Source: Global Property Guide|