Tuscany, Italy
🇮🇹 Countries · current to September 2026

Italy, for a high earner.

9 addresses in Italy on the Patrician.ch board, ranked by what a $1M earner keeps. Tuscany leads at 45%.

In short, current to September 2026

  • Tuscany ranks first in Italy, at 45% on $1,000,000 and ahead on the engine score (safety, schools, sun, beauty, cost and ease of entry). Cortina d'Ampezzo follows, then Capri.
  • A resident pays about 26% on a capital gain in Italy.
  • No address in Italy carries an annual wealth tax.
  • 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).
  • Rules moved in January 2026: the flat tax on foreign income rose to €300K a year for new residents.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated . Cite as: Patrician.ch, Italy for high earners 2026: 9 addresses ranked after tax, patrician.ch/countries/italy/, September 2026.

Ranked

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

01
Tuscany 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 9 of 10, schools 5 of 10
45%
02
Cortina d'Ampezzo 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 10 of 10, schools 5 of 10
45%
03
Capri 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 9 of 10, schools 4 of 10
45%
04
Rome 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 6 of 10, schools 8 of 10
45%
05
Amalfi Coast 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 9 of 10, schools 4 of 10
45%
06
Porto Cervo 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 9 of 10, schools 3 of 10
45%
07
Portofino 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 9 of 10, schools 4 of 10
45%
08
Lake Como 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 8 of 10, schools 6 of 10
45%
09
Milan 🇮🇹 Italykeeps $553K of $1M, gains 26%, safety 6 of 10, schools 8 of 10
45%
AddressTax on $1MKeptGainsWealth taxHeirsCost
Tuscany45%$553K26%NoneChildren pay 5% or less80
Cortina d'Ampezzo45%$553K26%NoneChildren pay 5% or less105
Capri45%$553K26%NoneChildren pay 5% or less120
Rome45%$553K26%NoneChildren pay 5% or less75
Amalfi Coast45%$553K26%NoneChildren pay 5% or less128
Porto Cervo45%$553K26%NoneChildren pay 5% or less130
Portofino45%$553K26%NoneChildren pay 5% or less125
Lake Como45%$553K26%NoneChildren pay 5% or less118
Milan45%$553K26%NoneChildren pay 5% or less78

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 or the investor visa from €250K. The flat tax regime is elected on arrival and runs 15 years.

Residence by investment · 9 of 9Lump sum residence · 9 of 9Founder & talent · 9 of 9

Italy's passport scores 72.3 on the Henley 2026 mobility index. All 65 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

Keep reading

Italy, head to head.

Milan vs Lake ComoHead to headMilan vs PortofinoHead to headLake Como vs PortofinoHead to headLake Como vs Cortina d'AmpezzoHead to headPortofino vs TuscanyHead to headTuscany vs RomeHead to headTuscany vs MilanHead to headPorto Cervo vs RomeHead to headPorto Cervo vs TuscanyHead to head

Every country on the board · Glossary

Questions

The short answers.

Where should a high earner live in Italy?

Tuscany ranks first in Italy, at 45% on $1,000,000 and ahead on the engine score (safety, schools, sun, beauty, cost and ease of entry). Cortina d'Ampezzo follows, then Capri.

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?

45% effective across the 9 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).

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?

No. None of the 9 addresses in Italy carries an annual wealth tax on the Patrician.ch model.

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 September 2026.

How does a foreigner get residence in Italy?

EU nationals register on arrival.

Others use the elective residence visa or the investor visa from €250K. The flat tax regime is elected on arrival 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.

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The general case, ranked: Where should high earners live in 2026 · Best country to live in if you are rich · Best countries for high earners after tax · Europe · United States · Americans moving abroad · Tax calculator

Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.

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