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Are you referring to �������� CGT? If so, it is 20% on the profit made but remember this will be the difference between the declared prices in the original purchase deed and the sale deed (less any invoiced, deductable expenses - e.g. estate agent, notary, renovations etc.) If it is your prima casa and you lived in it for more than 2 1/2 years (ie more than 50% of the 5 years) then no CGT is payable. The buying another property within 12 months part refers to you losing your rights to prima casa benefit and having to pay back any reduction in purchase tax you received on the property when you bought it.

It depends where you are going.  The Uk taxes worldwide gains - so if you were returning there!  I would take advice on that.

"It depends where you are going.  The Uk taxes worldwide gains - so if you were returning there!  I would take advice on that." You could forget to tell Mr Osborne on your return

As it is your first house, you will not have CGT to pay if you had residency at that address for more than half the time you have had the house.  Eg - owned the house for nearly 3 years, residency in that property within one year of purchase = no CGT.  Owned the house nearly 3 years, residency taken 18 months after purchase - CGT to pay.  The follow on is that if you do not buy another Prima Casa within 12 months, you lose the right to the prima casa agevolazione, so you can never buy another house using the incentives. If the house is not your prima casa you have 20% CGT to pay if you sell within 5 years - minus costs and invoices for the betterment of the property.  You do not HAVE to pay CGT at 20% to the notaio, but can opt to pay any plusvalenza direct to the government via your IRPEF return, in which case it would fall into your normal tax bracket - 19, 23 or more % - Obviously the 20% is the option for most people unless you are selling something small and have no other income in ITaly.  For Sprostoni house if it were not prima casa - selling at 300.000 if you bought at 200,000 would make you liable for a capital gain on 100,000 - ie 20,000 euros minus the notaios fees, agents fees, and ay invoices used to restore or work on the property in the interim.    All of which goes to show, that you shouldnt underdeclare the sale price, that you should insist the agent is written into the act of sale, along with the amount of his commission, and dont pay big house bills in nero....