ATECO Codes — Real estate activities
Division 68 covers real estate activities: buying and selling of own real estate, development of building projects, letting and management of buildings and land, as well as intermediation by real estate agents and third-party management. Most of these activities fall under the flat-rate regime with a profitability coefficient of 86%, but the social security classification varies considerably: those who manage their own property as a business fall under the INPS Trader Management scheme, while simple letting remains property income with no VAT number required.
- ATECO 2025 codes
- 8
- Flat-rate eligible
- 8 of 8
- Profitability coefficient
- 86%
- Prevalent INPS scheme
- Artigiani
68.11.00Buying and selling of own real estateFlat-rate86%68.12.00Real estate developmentFlat-rate86%68.20.01Rental and operation of own or leased land for telecommunicationsFlat-rate86%68.20.02Rental and operation of other own or leased non-residential land, buildings, plants and factoriesFlat-rate86%68.20.09Rental and operation of own or leased real estate n.e.c.Flat-rate86%68.31.00Real estate agenciesFlat-rate86%68.32.01Property management on behalf of third partiesFlat-rate86%68.32.09Other real estate activities on a fee or contract basis n.e.c.Flat-rate86%
Frequently asked questions
Do I need to open a VAT number with ATECO code 68.20 to let property I own?
If you simply let houses or premises you own — even under multiple contracts — the income is property income declared in the RB section of the tax return: no VAT number required and, as a rule, the flat-rate cedolare secca applies. A VAT number with ATECO code 68.20 is needed when letting becomes an organised business activity or when you offer ancillary services. From 2026, anyone who allocates more than two properties to short-term lets must open a VAT number and register with the INPS Trader Management scheme.
What is the profitability coefficient under the flat-rate regime for real estate activities?
For division 68 codes the coefficient is 86%, meaning tax is calculated on 86% of fees collected: the remaining 14% is recognised as notional costs. The substitute tax of 15% applies to that taxable base (5% for the first five years if you meet the new-business conditions). You can estimate your case with the simulator: calculate the taxes.
Which INPS scheme does a real estate agent under the flat-rate regime register with?
A real estate agent (ATECO 68.31.00) is classified as a trader: contributions are paid to the INPS Trader Management scheme, with fixed annual minimum contributions due up to the minimum threshold and the proportional rate on income above it. Registration with the Chamber of Commerce REA and possession of the qualifications required to carry out property mediation are also mandatory. The 35% reduction on fixed contributions is optional for those under the flat-rate regime.