iCalculator™ IT - Italy Capital Gains Tax Calculator 2024
The Italy Capital Gains Tax Calculator is for residents and non-residents who have accrued income from capital gains in Italy.
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What is Capital Gains Tax?
Capital gains tax in Italy is imposed on the profits realized from selling assets like property, stocks, or bonds. Essentially, if you sell an asset for more than what you paid for it, the difference is considered a capital gain and may be subject to taxation.
Types of Assets Subject to Capital Gains Tax
The following types of assets are commonly subject to capital gains tax:
- Real Estate: Includes residential and commercial properties.
- Financial Assets: Such as stocks, bonds, and mutual funds.
- Business Interests: Sale of a business or part of a business.
- Personal Property: Such as artworks, antiques, and collectibles.
How to calculate Capital Gains Tax in Italy
You can calculate Capital Gains Tax in Italy for companies by multiplying the capital gains acrued by the appropriate capital gains tax rate. We have included the Capital Gains Tax formula for Italy so that you can calculate the capital gains tax manually or update your systems with the relevent capital gains tax rates in Italy. The latest capital gains tax rates in Italy for 2024 are displayed in the table below the Capital Gains Tax formula. For those who prefer to use the Italy Capital Gains Tax Calculator rather than calculate the tax manually, we have included a step-by-step guide to using the calculator for quick Capital Gains Tax calculations and more detailed Capital Gains Tax calculations which allows for multiple saving and investment sources (see the guides under "How to use the Italy Capital Gains Tax Calculator").
Italy Corporation Capital Gains Tax formula
The Capital Gains Tax accrued in Italy for corporations is calculated using the following Capital Gains formula:
Capital Gains Tax = a x (b / 100)
Where:
- a = The net capital gains earned that is subject to tax in Italy.
- b = The relevenat rate of capital gains tax in Italy associated with residence.
Who is Liable?
Both residents and non-residents can be subject to capital gains tax on assets sold in Italy:
- Residents: Liable for capital gains tax on worldwide assets.
- Non-Residents: Liable for capital gains tax only on assets located in Italy.
Filing and Payment
Capital gains tax must be reported through the annual tax return, and the payment deadline usually aligns with that of the income tax. Failure to pay on time may result in penalties and interest.
Capital Gains Tax for individuals is calculated using the tax rates and thresholds based on the Personal Income Tax Tables (PITT).
Note that capital gains tax is calculated on 100% of the capital gain, not the entire gain achieved.
Capital Gains Tax Rates in Italy
The table below specifies the relevent capital gains tax rates applicable in Italy, these were last updated in line with the published capital gains tax rates in 2024.
Italy Residents Capital Gains Tax Tables in : Capital Gains Tax Rates and Thresholds (Annual)| Capital Gains Tax Rate | Capital Gains Threshold |
|---|
| 23% | Income from € 0.000.00 | to | € 28,000.00 |
| 35% | Income from € 28,001.00 | to | € 50,000.00 |
| 43% | Income from € 50,001.00 | | and above |
Italy Non-Residents Capital Gains Tax Tables in :Capital Gains Tax Rates and Thresholds (Annual)| Capital Gains Tax Rate | Capital Gains Threshold |
|---|
| 23% | Income from € 0.000.00 | to | € 28,000.00 |
| 35% | Income from € 28,001.00 | to | € 50,000.00 |
| 43% | Income from € 50,001.00 | | and above |
Like Individuals, Companies pay capital gains tax based on net income, capital gains derived from the disposal of shares by resident entities may be exempt up to 95% given they meet certain conditions. Resident companies are typically taxed at a flat rate of 24% whereas gains derived by non-resident companies are taxed at a flat rate of 26%.
How to use the Italy Capital Gains Tax Calculator
You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Italy Capital Gains Calculator. The following step-by-step guides to calculating capital gains tax online with the Italy Capital Gains Tax Calculator covers all the functions within the capital gains tax calculator:
How to complete a Gains Tax Calculation
- Select Normal View or Full Screen View.
- Select Individual or Company
- Select Resident or Non Resident
- Enter the Capital Proceeds (Cpaital Gain).
- Enter the Associated Expenses.
The Capital Gains Tax Calculator will then automatically calculate the tax due based on the details entered.
Historical Capital Gains Tax in Italy
We also provide capital gains tax calculators for Italy for the following years: