New rules – Inheritance tax and gift tax in Italy

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New rules came into force in Italy on 1st January 2025 aiming to simplify and clarify inheritance and gift tax and modernize estate planning rules (Decreto legislativo n. 139/2024 amending the Testo unico 346/1990). These rules will apply where a person died resident in Italy or to a person who died leaving property in Italy.

Italian inheritance tax

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Italian residents may face a higher tax burden on their lifetime income, but their family is taxed very lightly on death compared to most other European countries. Different rates of Italian inheritance tax are applied depending on the family relationship the heir to each asset had to the deceased. Any legacy or gift passing to

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