Italy new registration tax rate for transfer of building rights 2025

Effective January 1, 2025, Italy set a proportional registration tax rate of 3% for contracts transferring building rights (e.g., cubature rights) from private individuals, outside the scope of VAT. This change, part of Legislative Decree No. 139/2024, clarifies the taxation of such transfers, which previously faced a higher 9% rate from the tax agency.