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An Authentic Property full of Beautiful Features

new!
€1,500,000 $1,635,000
$
Location Gaiole in Chianti, Tuscany

Ref #: V626611-X

ITALY, TUSCANY, SIENA, GAIOLE IN CHIANTI

In Chianti Classico, between the splendid cities of Siena and Florence, in a corner of Tuscany with its roots in the Middle Ages. This unspoiled landscape, famous for the production of the prized Gallo Nero wine, is a place that enchants with its timeless beauty. The area was recently nominated to become a World Heritage Site by UNESCO, a testament to its historical and natural value.

Traveling along the road to the property, you can breathe in an atmosphere full of sensations where the scent of uncontaminated nature completely envelops you. Every step brings you closer to a hidden secret, a refuge that promises unique emotions, perfect for living a unique experience between culture, history, and nature.
Arriving on the hill, where the house and its barn stand, you will find yourself in front of a view that amazes you with its colors and wonders, vineyards, olive groves, ancient villages, cypress trees, and centuries-old oaks.

The house, with its authentic architecture, blends perfectly with the surrounding landscape. The watchtower, probably dating back to the Middle Ages, which once protected a nearby castle, has now been transformed into a cozy bedroom, with a wonderful panoramic view.

Once a workplace for women who spun flax, the stone and terracotta courtyard adds a touch of history and tradition to the environment.

The owner wanted her house restored with anti-seismic construction for maximum safety and comfort and in the renovation project, natural and original recycled materials were selected, such as iron, wood, stone, and terracotta, creating an environment that preserves the authenticity of the peasant tradition.

Every corner of the house tells a story of love for the past and for the beauty of nature.

The terraces of the ground floor bedrooms offer a perfect space for enjoying breakfast outdoors, while the courtyard and all rustic details make you feel the presence of a time that seems to have stopped.

The ancient farmhouse represents an authentic expression of the most genuine Tuscany.

The MAIN BUILDING, with a floor area of approximately 355 square meters, is arranged on two levels with multiple direct access into the garden.

The main entrance is through a charming stone-paved courtyard, accessed via an ancient brick arch.
Inside, a large hallway greets you, withe the old mangers beautifully restored. The layout includes a living room with a kitchen and three bedrooms, each with a private bathroom.
Each bedroom offers direct access to the outdoors: two overlook a scenic panoramic terrace, while the third opens directly onto the garden.

On the upper floor there is a second apartment, accessible via an external staircase.
A spacious covered loggia leads into the living room with a kitchen; continuing, you’ll find a central living room with access to two bedrooms and two bathrooms. An internal staircase can be created to connect the two apartments.

In the basement, approximately 55 square meters, there are technical rooms and storage.
The project for the construction of a swimming pool is currently being approved.

The floors and bathrooms on the ground floor are still incomplete.
The realization of the geothermal heating systems, as well as the electrical and plumbing systems is currently in progress.
These will be finished by the owner and included in the sale price.

Additionally, there is an annex with a floor area of 90 square meters which comprises 2 bedrooms and 2 bathrooms (and provision for a kitchenette).

The property sits on approximately 2.3 hectares of private land.

Located a few kilometers from the charming village of San Gusmè and just 20 minutes from Siena, this farmhouse is nestled in the heart of Chianti Senese.
This property is perfect for those seeking a ‘peaceful haven’ away from the hustle and bustle of city life, yet close to essential amenities.
The village of Castelnuovo Berardenga, which offers all the necessary services, can be reached in just 10 minutes by car.

Address: Gaiole in Chianti, Tuscany

Location type: Rural

Condition: Restored

Bedrooms: 7

Bathrooms: 8

Property size: 500 sqm

Land size: 2.3 hectares

Within 1 hour of an airport
Has annex/es
Features
2.3 hectares
20 minutes from Siena
Chianti Classico
courtyard
Garden
geothermal heating
hillside property
loggia
mangers
original features
pool permission applied for
restored
rustic details
terraces
view
Watchtower
wine area

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FAQs

What is a notary?

A notary is a qualified lawyer who is employed by the Italian government. When you are buying Italian property, it is a notary who conducts the legal transfer of a property from vendor to buyer, and prepares the deed of sale, checks there are no charges on the property, title issues and with the assistance of a technician such as a geometra or architect, checks the property conforms to all planning issues.

It is always the buyer and not the vendor who pays the purchase taxes due and who pays the notary fees also. This means that it is up to the buyer which notary is used. In practice it is usually one of the local notaries and we can recommend which one to use and which one is cheapest, as notary prices do vary.

We provide a detailed list of all fees and taxes (including the notary’s quote) before you sign any contracts.

Translator – if you do not speak fluent, enough to understand detailed legal contracts, you will need to have a translator at the notary deed. Your agent or the notary will usually arrange this so you don’t need to worry about it. The cost varies but is often 200-300 euros. This can sometimes be shared with the vendor if they are also non fluent in Italian.

What taxes are payable for a property purchase in Italy?

This depends firstly on two things.
A. Are you buying as a resident or a non resident?
B. Are you buying from private individuals or from a company?

If you are buying from private individuals, then the taxes you pay are based on the cadastral value – a nominal value which each property has and which depends on its size, location, standard etc – nothing to do with the market value.

Example 1:
House price agreed €100,000.
Property belongs to private sellers.
Cadastral value of the property €32,000.

Let’s say you intend buying the house as a non resident (.ie. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 9% on cadastral value €32,000 so €2,880 plus a few smaller fixed taxes.

Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy;
Taxes payable are 2% on cadastral value €32,000 so €640 plus a few smaller fixed taxes. A minimum figure may be payable.

Please note, you could buy the house as a resident and pay the lower rate of tax if you intend moving there and obtaining residency within the next 18 months. Don’t be tempted to do this unless you are definitely sure you will become a resident. If you then do not, you need to pay the difference in taxes plus a penalty of around 30%.

If there is substantial land (not just a garden) with the property, then 15% is payable on the value attributed to the land, which can be quite low, eg a value of €15,000 could be attributed to the land so 15% of 15,000 = €2,250 would be the tax on the land.

Example 2:
House price €100,000
Property is being sold by a company
Cadastral value of the property is €32,000

Let’s say you intend buying the house as a non resident (i.e. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 10% VAT on full market price €100,000 so €10,000 plus a few smaller fixed taxes.

Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy,
Taxes payable are 4% VAT on €100,000 so €4,000 plus a few smaller fixed taxes.

Once we know
– which house you want to buy, its cadastral value and who owns it (company/individual)
– whether you intend to buy as a resident/non resident and if it’s your first property in Italy

only then can we ask the notary to provide a quote for the precise taxes payable.

Other circumstances

Then of course there are other scenarios.

If the value of the property you want to buy is very low (eg €50,000) then purchase costs are likely to be a higher percentage as there are set minimums to pay for all fees and taxes. So on a €50,000 house, you are likely to pay 12-15% instead of 10% (non resident).

You might want to buy a property (being sold by private individuals) with your company. Taxes are considerably higher in this case, as they would be 9% on the sale price (not on the cadastral value). So it’s cheaper to buy a privately owned property as a private individual, not as a company.

But, in the case of a country property which is a farm/winery/agriturismo, these are often owned by a farming company (azienda agricola) , which has considerable tax advantages as you can buy the farm and pay just 0-1% (depending on the circumstances) on the purchase price in tax.

If you buy directly an existing farm (ie a farming company with no other assets within the company), you just pay the fees for buying the shares in a company – ie an accountant, a notary and some small fixed taxes.
If you set up a farming company (the property must have all the requisites to be a farm) with a board of directors and an IAP (professional farmer) to buy the property and land you pay 1% on the sale price.
In both cases above, you are buying as a company so being a resident or non resident doesn’t come into it, you are not buying as a physical person.
So buying an existing farm, or setting one up, has tax advantages, compared to buying a property, especially as a non resident. However there are of course costs involved in running the company, so it’s best to seek the advice of an Italian accountant.

Taxes would be different for a commercial purchase, eg if your company is buying an Italian company (ie a farm or other company). Buying the shares of a company usually meets zero taxes, just a few fixed fees, and notary and accountancy fees.

The above is a guide, and once you have found a property you are interested in buying, we can obtain a notary quote for you, with a full breakdown of the taxes and fees due.

What other purchase costs are there?

Notary fees – approx 1-2%, more for a lower priced property due to some fixed taxes.

Agency fees – in Italy both buyer and seller pay the agent. These are payable to the Italian agent  (one of our partners) you view the house with at compromesso (preliminary contract) stage and for each party are usually 3% plus VAT. VAT is 22% in Italy. Minimums apply. Nothing is payable to Casa Tuscany so you will not pay double the fees, you will just have double the assistance!

Compromesso registration fees – approx €380 plus a part payment of taxes which is deducted from the total taxes due at completion.

Translator for the deed signing at the notary’s office. Required if you do not speak Italian well enough to understand legal deeds. Approx cost €250 – €350 depending on the notary.

Technical report for the notary.  Checks all the planning issues of the property, making sure it matches the official plans, no works have been carried out without permission, gathers all previous permits, checks the house is sellable and not illegal in any way. Carried out by a geometra, architect or engineer and costs vary considerably, a minimum of €761 including VAT/ Please note this report is NOT a structural survey, that is an optional additional report you may wish to instruct.

What annual costs are there? How should I pay them?

Local council tax – IMU (formerly ICI) – payable only by non residents. This needs to be paid twice a year at the post office – no bill is sent. Most people use a local accountant or property manager to calculate it.

Refuse tax (TARI)

In some areas, mountain community tax.

If you buy a property which is part of a condominium, e.g. with shared pool and grounds, lighting etc, then there will be annual condominium fees to pay which usually range from about €200 to €1000/year unless it is a particularly luxurious property with many amenities in which case costs could be higher.

Utilities

Do I need an Italian bank account?

You don’t really need an Italian bank account for buying a property in Italy any more as money is usually sent by bank transfer, although some notaries insist the funds are sent from an Italian account set up by you.

You could of course open an account to handle bills but bear in mind that some utilities companies refuse to arrange direct debits for non resident accounts, and some bills cannot be paid by direct debit.
You could always pay your bills online or if you have a property manager then send them the funds for settling all the bills.
If you do intend opening an Italian bank account, bear in mind that Italian bank charges are high . Usually there is a monthly fee to pay, plus charges for receiving money, paying bills, sending statements, etc etc.

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