IT
ENServices · 2026 usufruct table
The coefficients.
What they mean.
Fiscal values of life usufruct and bare ownership: the full table, a worked example and its limits.
How to read the values.
This table covers life usufruct referring to one individual and reproduces the age bands of the tax schedule. Percentages are shares of the full ownership value used in the calculation, not suggested prices or listing discounts.
For 2026 these tax calculations use a 2.5% minimum reference rate. This differs from the ordinary statutory interest rate of 1.60% effective from 1 January 2026. The decree of 24 December 2025 confirms the coefficients in the schedule under Legislative Decree 139/2024.
2026 fiscal coefficients.
| Age (completed years) | Coefficient | Usufruct | Bare ownership |
|---|---|---|---|
| 0–20 | 38 | 95% | 5% |
| 21–30 | 36 | 90% | 10% |
| 31–40 | 34 | 85% | 15% |
| 41–45 | 32 | 80% | 20% |
| 46–50 | 30 | 75% | 25% |
| 51–53 | 28 | 70% | 30% |
| 54–56 | 26 | 65% | 35% |
| 57–60 | 24 | 60% | 40% |
| 61–63 | 22 | 55% | 45% |
| 64–66 | 20 | 50% | 50% |
| 67–69 | 18 | 45% | 55% |
| 70–72 | 16 | 40% | 60% |
| 73–75 | 14 | 35% | 65% |
| 76–78 | 12 | 30% | 70% |
| 79–82 | 10 | 25% | 75% |
| 83–86 | 8 | 20% | 80% |
| 87–92 | 6 | 15% | 85% |
| 93–99 | 4 | 10% | 90% |
The published bands shown end at age 99. Ages above 99, multiple holders, accretion clauses and fixed-term rights need specific notarial review; this table does not resolve those cases.
A worked calculation, not a price proposal.
For illustration only, assume a full ownership reference value of €300,000 and a usufructuary aged 78. The 76–78 band uses coefficient 12: usufruct is 30% and bare ownership 70% of that reference value.
Usufruct = 300.000 € × 2,5% × 12 = 90.000 €
Bare ownership = 300.000 € − 90.000 € = 210.000 €
This example does not determine market value, the sale price or tax payable. The relevant tax value, taxable base, any relief and transaction costs must be checked for the actual operation.
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Updated 21 October 2026. General information on Italian law, to be applied to the actual circumstances with the relevant professionals.