Italy for high earners 2026: 11 addresses ranked after tax

Italy, for a high earner.

11 addresses in Italy on the Patrician.ch board, ranked by what a $1M earner keeps. Cortina d'Ampezzo leads at 43%.

In short, current to October 2026

On $1,000,000 of income, Cortina d'Ampezzo keeps the most in Italy, $566K after an effective 43%. Rome keeps $536K at 46%.
A resident pays about 26% on a capital gain in Italy.
A wealth tax applies at every address, top rate 0.20% of financial assets held abroad outside listed tax havens (0.4% inside them, and 1.06% on property abroad) a year.
Inheritance: Children pay 5% or less. Italy taxes a spouse and each child at 4% above a €1,000,000 allowance each.
Italy runs a special regime for new arrivals: Flat tax for new residents on foreign income under Article 24-bis, a fixed 300,000 euros a year for anyone who becomes resident from 1 January 2026, plus 50,000 euros per family member, for up to 15 years. Earlier entrants keep the 100,000 or 200,000 rate they joined on (2026 Budget Law, Law 199 of 30.12.2025). In figures: the fixed €300,000 a year on one person's income from abroad is about $336K, 34% of $1M and 11% of $3M. Every other figure and ranking on this site uses the standard system.
Rules moved in January 2026: the flat tax on foreign income rose to €300K a year for new residents.

Each address on this page was last checked against its official sources between 17 October 2026 and 28 October 2026. The sources for each are named on its page.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 5 November 2026. Cite as: Patrician.ch, Italy for high earners 2026: 11 addresses ranked after tax, patrician.ch/countries/italy/, October 2026.

Ranked

11 addresses in Italy, by what a $1M earner keeps.

Cortina d'Ampezzo 🇮🇹 Italykeeps $566K of $1M, gains 26%, safety 10 of 10, schools 5 of 10

43%

Porto Cervo 🇮🇹 Italykeeps $566K of $1M, gains 26%, safety 9 of 10, schools 3 of 10

43%

Venice 🇮🇹 Italykeeps $558K of $1M, gains 26%, safety 9 of 10, schools 5 of 10

44%

Lake Como 🇮🇹 Italykeeps $554K of $1M, gains 26%, safety 8 of 10, schools 6 of 10

45%

Milan 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 6 of 10, schools 8 of 10

45%

Portofino 🇮🇹 Italykeeps $546K of $1M, gains 26%, safety 9 of 10, schools 4 of 10

45%

Capri 🇮🇹 Italykeeps $541K of $1M, gains 26%, safety 9 of 10, schools 4 of 10

46%

Amalfi Coast 🇮🇹 Italykeeps $540K of $1M, gains 26%, safety 9 of 10, schools 4 of 10

46%

Tuscany 🇮🇹 Italykeeps $537K of $1M, gains 26%, safety 9 of 10, schools 5 of 10

46%

Forte dei Marmi 🇮🇹 Italykeeps $537K of $1M, gains 26%, safety 9 of 10, schools 4 of 10

46%

Rome 🇮🇹 Italykeeps $536K of $1M, gains 26%, safety 6 of 10, schools 8 of 10

46%

Address	Tax on $1M	Kept after tax	Gains	Wealth tax	Heirs	Cost
Cortina d'Ampezzo	43%	$566K	26%	0.20%	Children pay 5% or less	105
Porto Cervo	43%	$566K	26%	0.20%	Children pay 5% or less	130
Venice	44%	$558K	26%	0.20%	Children pay 5% or less	72
Lake Como	45%	$554K	26%	0.20%	Children pay 5% or less	118
Milan	45%	$553K	26%	0.20%	Children pay 5% or less	78
Portofino	45%	$546K	26%	0.20%	Children pay 5% or less	125
Capri	46%	$541K	26%	0.20%	Children pay 5% or less	120
Amalfi Coast	46%	$540K	26%	0.20%	Children pay 5% or less	128
Tuscany	46%	$537K	26%	0.20%	Children pay 5% or less	80
Forte dei Marmi	46%	$537K	26%	0.20%	Children pay 5% or less	115
Rome	46%	$536K	26%	0.20%	Children pay 5% or less	75

Simplified marginal model, indicative 2026 brackets, non-US single filer. Wealth tax is the top rate. Cost is the Patrician.ch index where Zurich is 100.

Who gets in

The route into Italy.

EU nationals register on arrival. Others use the elective residence visa, the investor visa from €250K, or an intra company transfer. The flat tax regime is elected in the tax return for the year of arrival or the next and runs 15 years.

Residence by investment · 11 of 11Lump sum residence · 11 of 11Founder & talent · 11 of 11

Italy has a Henley 2026 Wealth Mobility score of 72.3 out of 100. All 66 passports, ranked.

The regime for new arrivals.

Flat tax for new residents on foreign income under Article 24-bis, a fixed 300,000 euros a year for anyone who becomes resident from 1 January 2026, plus 50,000 euros per family member, for up to 15 years. Earlier entrants keep the 100,000 or 200,000 rate they joined on (2026 Budget Law, Law 199 of 30.12.2025)

Every regime for new arrivals, compared

Swiss lump sum tax vs Italy's flat tax, side by side

Questions

The short answers.

Where should a high earner live in Italy?

On a $1,000,000 income, Cortina d'Ampezzo keeps the most in Italy, $566K after 43% income tax. Porto Cervo follows at 43%, and Rome keeps the least at 46%.

Ties on tax are broken by the Patrician.ch engine score at its default weights (safety, schools, sun, beauty, cost and ease of entry). Your own income and passports can reorder the list.

How much income tax does a $1M earner pay in Italy?

43% to 46% effective across the 11 addresses on the Patrician.ch 2026 model, single filer, before social contributions.

Italy runs a special regime for new arrivals: Flat tax for new residents on foreign income under Article 24-bis, a fixed 300,000 euros a year for anyone who becomes resident from 1 January 2026, plus 50,000 euros per family member, for up to 15 years. Earlier entrants keep the 100,000 or 200,000 rate they joined on (2026 Budget Law, Law 199 of 30.12.2025). In figures: the fixed €300,000 a year on one person's income from abroad is about $336K, 34% of $1M and 11% of $3M. Every other figure and ranking on this site uses the standard system.

Does Italy tax capital gains?

Yes.

A resident pays about 26% on a capital gain in Italy, about $260K on a $1,000,000 gain.

Does Italy have a wealth tax?

Yes, at every address. The top rate runs 0.20% of financial assets held abroad outside listed tax havens (0.4% inside them, and 1.06% on property abroad) a year.

IVAFE, 0.2% a year on financial assets held abroad, 0.4% in listed tax havens, and IVIE, 1.06% on property abroad. Both are waived for Article 24-bis flat tax residents.

Does Italy have an inheritance tax?

Children pay 5% or less in Italy. Italy taxes a spouse and each child at 4% above a €1,000,000 allowance each.

Source: Testo unico successioni e donazioni, current to October 2026.

How does a foreigner get residence in Italy?

EU nationals register on arrival.

Others use the elective residence visa, the investor visa from €250K, or an intra company transfer. The flat tax regime is elected in the tax return for the year of arrival or the next and runs 15 years. Routes that matter for money: Residence by investment, Lump sum residence, Founder & talent.

Are millionaires moving to Italy?

Yes. Italy saw a net inflow of 3,600 millionaires in 2025 on the Henley Private Wealth Migration Report, against +2,200 in 2024.

That is a country figure, not a city one. Henley's 2026 report published no new flow estimates, so 2025 is the latest.

The Dossier: your top 3, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 30 November. Refunded in full within 7 days of delivery, no reason needed.

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The income tax of Cortina d'Ampezzo, Porto Cervo, Venice, Lake Como, Milan and Portofino, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.

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Italy, for a high earner.

11 addresses in Italy, by what a $1M earner keeps.

The route into Italy.

The regime for new arrivals.

Italy, head to head.

The short answers.

Where should a high earner live in Italy?

How much income tax does a $1M earner pay in Italy?

Does Italy tax capital gains?

Does Italy have a wealth tax?

Does Italy have an inheritance tax?

How does a foreigner get residence in Italy?

Are millionaires moving to Italy?

See it in a picture.

Put these figures on your site.

This page is the general case. Your income and passports rank all 100 differently.