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Buying property in Lake Como without thinking about local rules can lead to financial loss and even get you in trouble. Here are some common Lake Como property-buying rules that you should keep in mind while making a purchase:
• While registration tax for main residence is 3 percent, you have to pay 9% for a second home. Non-residents have to pay 9% registration tax to own a property.
• Luxury homes demand a registration tax of 20%.
• On new residential properties with builders involved, buyer has to pay VAT on market price. For such residential properties, you pay around 4% on first home and 10% on second home.
Property renovation in Lake Como is also regulated in Lake Como. So, it is best to consult a local real estate specialist while buying a home in Lake Como.
Call +39 3394817794 or visit http://www.villaatlakecomo.com/contact-us.html to enquire about home buying and property investment in Lake Como.
