Italy Capital Gains Tax Calculator 2026 — CGT on Stocks, Crypto & Bonds
Calculate Italian capital gains tax (Imposta sulle Plusvalenze) on stocks, ETFs, mutual funds, government bonds, corporate bonds, and cryptocurrencies. Tax rates vary by asset type with special rules for crypto (33% with €2,000 annual exemption) and Italian government bonds (12.5%).
How Italian capital gains taxation works in 2026
Italy applies a flat 26% capital gains tax (Imposta sulle Plusvalenze) on most financial assets including stocks, ETFs, mutual funds, corporate bonds, and derivatives. Italian government bonds (BTP, BOT, CCT) benefit from a reduced 12.5% rate. Cryptocurrencies are taxed at 33% with a €2,000 annual exemption — only gains exceeding €2,000 in a tax year are taxable. Losses can offset gains of the same type and be carried forward up to 5 years. The average cost method (costo medio ponderato) is used for shares and ETFs.
Italy Capital Gains Tax Calculator 2026 — CGT on Stocks, Crypto & Bonds
Free Italian capital gains tax calculator. Calculate CGT at 26% (stocks, ETFs, corporate bonds), 12.5% (government bonds), or 33% (cryptocurrencies) with €2,000 crypto exemption.
Gain Breakdown
Tax Comparison Across Asset Types (same gain level)
Understanding your results
Gross Capital Gain is the difference between total sale proceeds and total acquisition cost (purchase price × quantity). The taxable gain is reduced by any previous losses carried forward and, for crypto only, the €2,000 annual exemption. The applicable tax rate depends on the asset type: 26% for most assets, 12.5% for Italian government bonds, and 33% for cryptocurrencies. Loss offset applies within the same asset category and losses can be carried forward for up to 5 years.
PIR accounts — zero tax after 5 years
Investments held in PIR (Piani Individuali di Risparmio) accounts are completely exempt from capital gains tax if held for at least 5 years. PIR accounts have annual contribution limits (€40,000) and a total cap (€200,000), and must invest at least 70% in Italian or EU companies with specific allocation requirements.
Cryptocurrency tax rules in 2026
Cryptocurrency gains are taxed at 33% (increased from 26% for 2023+). The first €2,000 of annual crypto gains are tax-free. Only gains exceeding this threshold are taxable. Losses from crypto can offset crypto gains and be carried forward for up to 5 years. All crypto transactions (including crypto-to-crypto trades, staking rewards, and airdrops) are generally considered taxable events in Italy.
Government bonds — the 12.5% advantage
Italian government bonds (BTP, BOT, CCT) and other sovereign bonds enjoy a preferential 12.5% tax rate, half the standard 26% rate. This makes them significantly more tax-efficient for Italian residents compared to corporate bonds or stocks. The same 12.5% rate also applies to bonds issued by EU member states and certain supranational entities.