Inheritance and Gift Taxes

Inheritance and gift tax was abolished with effect from 24 October 2001. However transfers by death of real estate are subject to transfer and cadastral taxes.

The gift tax is still in effect when the recipient is not a close relative to the donor and the value of the gift is above EUR 180,760. In which case the recipient pays a registration fee in addition to cadastral and mortgage taxes of 3% due on the value of and Italian real estate gifted.