How much are the expenses of the notary?

When buying a house, it is good to remember how important the notary deed is. Relying on a notary, in fact, is a legal obligation, and it is his signature that makes the transfer of ownership of a building official.

Below, we will analyze all the taxes, fixed, which you will have to add to the total amount to be paid to the notary.

Briefly, the taxes due for the purchase and sale of a house are as follows:

registration tax: equal to 9% (or 2% in the case of a first home for italian citizen) of the cadastral value of the building;

cadastral tax: equal to 50 euros;

mortgage tax: 50 euros;

VAT: variable from 9% to 22% (as we will see later);

The cadastral value is obtained by multiplying the cadastral income by the fixed ratio 115.5 (which becomes 126 in the case of a second home).

Numbers and percentages often confuse, it’s true. To dispel any doubt, let’s take a small example.

Assume that you are buying a property of 100,000 euros, with a cadastral income of 500 euros, and that this property corresponds to your first home.

You will first need to calculate the cadastral value. The calculation that you will have to make, therefore, is as follows: € 500 (cadastral income) x 115.5 (statutory coefficient) = € 57750 (cadastral value).

We have said that the cadastral tax and the mortgage tax are both fixed at 50 euros and that the registration tax (in case of first house) corresponds to 2% of the cadastral value.

The costs, therefore, in our example will be the following:

registration tax = € 57750 x 0.02 = € 1.155

land registry tax = € 50

mortgage tax = € 50

total = € 1,255 (minimum to pay is 1.100€)

This scenario applies in the case of buying and selling between individuals. Alternatively if you think about buying the property from a company, for example from the manufacturer, the tax burdens are different, as the sale is subject to VAT.

After this you will have to add to the total amount to be paid to the notary. This depends on the notary and the complexity of the act. Approximately, the minimum cost of an act, for a 1 euro house, is 900 € and can reach up to 1400 €.

To recap you will pay 2.000€ (min) in total: