Venice, Italy
Wealth tax · Italy

Venice wealth tax.

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.

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By the Patrician.ch research desk · Updated 24 October 2026 · 5 min read
Top rate 0.20% of financial assets held abroad outside listed tax havens (0.4% inside them, and 1.06% on property abroad), per year
On $20M, per year $40K
On $20M, 10 years $400K
Effective income tax 44% on $1M of income

The 10 year cost on your balance sheet.

Net assetsPer year10 years
$5M$10K$100K
$20M$40K$400K
$50M$100K$1M

Headline rate applied flat. Allowances, the treatment of the main residence, and any cap against income tax lower the real figure. The Dossier applies them to your profile.

Questions

Does Venice have a wealth tax?

Yes. Venice carries an annual wealth tax with a top rate of 0.20% of financial assets held abroad outside listed tax havens (0.4% inside them, and 1.06% on property abroad).

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.

What does the Venice wealth tax cost over 10 years?

About $400K on a $20M balance sheet, $40K a year at the top rate of 0.20%.

That is the headline rate applied flat, before the exemptions and caps that apply.

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 . Cite as: Patrician.ch, Venice wealth tax 2026: rate, base, 10 year cost, patrician.ch/wealth-tax/ven/, October 2026.

Venice on the board.

The historic city runs on boats, and its palazzi on the Grand Canal change hands quietly. Article 24-bis costs €300K a year from 2026 and covers all foreign income for 15 years, and Milan is under 2 and a half hours by the fast train.

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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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