A Note For Vendors

It is not the case that all CGT was abolished by the Berlusconi government. If you sell within five years of the date of your purchase ( that's the notary act not the preliminary contract) you will be liable for CGT in Italy. Under the new regulations to promote honesty and transparency this is charged at the flat rate of 20% and is collected by the notaio at the completion. Please remember that if you took the Prima Casa discount and sell within five years you will also have to repay the saving you made plus a fine and interest.