Ref #: 7271
Ref #: 7271
Modern villa of great charm and design built in the 60s and completely renovated in 2017, characterised by a spectacular sea view that sweeps from Corsica to Capraia and Gorgona a few steps from the historic centre of the characteristic town of Castagneto Carducci and Bolgheri but also close to the beaches and the crystal clear sea of the Etruscan Coast.
The villa of about 500 square metres is detached/standalone and inserted in a quiet and exclusive residential context embellished by its exclusive garden of about 300 square metres.
The villa has a particularly beautiful architectural structure. Designed by a famous architect is of modern imprint with nuances that lead to geometries of the past such as the facade and the imposing elliptical staircase in painted steel and concrete that connects the ground floor to the first floor .Currently intended for luxury accommodation the villa is on two levels.
Climbing the external design staircase one reaches the large living area characterized by large windows with breathtaking views, the living room and the kitchen diner in addition to the service bathroom and the reception area intended for reception. There are 10 very spacious and comfortable suites with ample space for wardrobe and private service. The laundry area, technical area and large common areas have been made to ensure privacy and confidentiality for guests. Each room has sea views and access to outdoor loggia or terraced spaces.
The sauna and a relaxation area give a touch of exclusivity to the whole structure.
The villa is surrounded by the private garden of about 300 square meters perfectly maintained and automatically irrigated. Fruit trees, lemon and orange trees frame this particular and unique villa. The covered terraces all have sea views, some exclusive of the living area, others are intended for relaxing moments in the ‘common area’. The outdoor space has been equipped with tables and deck chairs. The double garage can comfortably accommodate two cars, today it is used for storage. Six cars can be parked in the outdoor courtyard.
The villa has been completely renovated, the systems are up to standard and the home automation installed is of the latest generation. Solar panels have been installed for the production of hot water, the boiler is condensing and everything is aimed at energy saving.
In the living area the floors are of wonderful original terrazzo from the 60s. In the sleeping area there are warm wood floors while in the bathrooms, modern particularly elegant finishes have been chosen.
The villa lends itself as a first home or vacation home by the sea for a large family who wants to accommodate relatives and friends in a luxurious and very comfortable. Perfect as an investment to continue the activity of the family currently owner who with dedication and passion hosts a high-level clientele looking for refined atmospheres and food and wine experiences of excellence. Possibility to build a panoramic infinity pool.
Castagneto Carducci is famous for refined restaurants with a romantic atmosphere in a context of rolling hills expertly cultivated with vines and olive trees, close to the medieval village of Bolgheri famous throughout the world for its excellent wine and excellence turned to hospitality. Just 5 kilometers from the equipped beaches of the Etruscan Coast, Castagneto Carducci lends itself to hiking and biking trails. A pearl in the hills with breathtaking views of the sea and the surrounding countryside.
Address: Castagneto Carducci, Tuscany
Location type: Village
Condition: Restored
Bedrooms: 10
Bathrooms: 10
Property size: 500 sq meters
Land size: 300 sqm
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.
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.
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.
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.
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
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.