Hi folks, does anyone have experience of this tax incentive for foreign buyers? http://www.mondaq.com/italy/x/780266/retirement+superannuation+plans+pensions+schemes/New+Italian+Tax+Regime+For+Foreign+Retired+PeopleIf it's as good as it looks, thi
Hi folks,I have just discovered the 'Elective Residence Visa'. It looks like I meet the conditions for obtaining one. I have two questions:1 How many times can you renew a 'permessi di soggiorno'?
Hi folks,I'm doing my due diligence on becoming an Italian resident, and have received an estimate of my tax liability.Wow! In the UK, I'd pay 16.61% of my gross income to the Revenue. In Italy, I'd pay 31%.
Ugo,Many thanks. The second link is beyond my 'pay grade' :) I have been looking at Portugal and the NHR fiscal regime. My discovery of the 7% scheme, only this morning, has settled my decision. It's Italia for me :)
Ugo,Many thanks. If I read the double tax convention correctly ,annuity income would not be liable to Italian tax. I'll see what my lawyer has to say.James
Giorno LL and Gala,Good info. I was aware of the seismic maps.Lots to ponder.I've just finished reading an economic commentary and there is clear concern about the stability of the Italian banks.The last thing we need is a 'financial' earthquake. Mon dieu, the world is a very uncertain place right now.Hunkering down with pinchos in the pais Vasco and living 'the good life' in Abruzzo seenm like good strategies :)Un saludo from Bangkok,James
Giorno LL,Thank you for your detailed reply. The only certainties in life are death and taxes, so sometimes you need to let your heart get the upper hand. All with 'moderation', of course :)James
Buongiorno Gala,I've restored houses in France and Italy. You are so right. My projects didn't ruin me, but restoration always costs more than the estimated costs. You change your mind, structural problems arise... .I've read extensively about restoring in Italy and it seems to be considerably more complicated than in France and Spain. It also appears to be more costly, particularly due to the seismic requirements.James
Hi LL,An afterthought.Given the excess of property and the current economic/ geopolitical situation, which I believe is with us for a long time, I think it will always be a buyer's market in certain regions of Italy.Any thoughts?James
Morning LL,When I look at Vigneverde, and other sites, I see pages of properties, many of which I'm guessing there is no market for. As agriculture has died and other forms of employment are extremely difficult to find, I wonder if many of these buildings will ever be occupied again. Young folk aren't going to buy them due to the absence of jobs . 'Outsiders' aren't going to buy them because of the prohibitive restoration costs. Do you think it's likely that many will just slowly crumble into ruins? That's my take, and it doesn't just apply to Abruzzo. It seems like there are far more rural properties than people to occupy them. Would be interested to hear your thoughts.James
Comments posted
Ugo,Many thanks. The second link is beyond my 'pay grade' :) I have been looking at Portugal and the NHR fiscal regime. My discovery of the 7% scheme, only this morning, has settled my decision. It's Italia for me :)
The system screwed up. Sorry :)
Ugo, Many thanks.James
Ugo,Many thanks. If I read the double tax convention correctly ,annuity income would not be liable to Italian tax. I'll see what my lawyer has to say.James
LL,This is the type of news that would keep me awake at night, if I had money in the Italian banking system :)
Giorno LL and Gala,Good info. I was aware of the seismic maps.Lots to ponder.I've just finished reading an economic commentary and there is clear concern about the stability of the Italian banks.The last thing we need is a 'financial' earthquake. Mon dieu, the world is a very uncertain place right now.Hunkering down with pinchos in the pais Vasco and living 'the good life' in Abruzzo seenm like good strategies :)Un saludo from Bangkok,James
Giorno LL,Thank you for your detailed reply. The only certainties in life are death and taxes, so sometimes you need to let your heart get the upper hand. All with 'moderation', of course :)James
Buongiorno Gala,I've restored houses in France and Italy. You are so right. My projects didn't ruin me, but restoration always costs more than the estimated costs. You change your mind, structural problems arise... .I've read extensively about restoring in Italy and it seems to be considerably more complicated than in France and Spain. It also appears to be more costly, particularly due to the seismic requirements.James
Hi LL,An afterthought.Given the excess of property and the current economic/ geopolitical situation, which I believe is with us for a long time, I think it will always be a buyer's market in certain regions of Italy.Any thoughts?James
Morning LL,When I look at Vigneverde, and other sites, I see pages of properties, many of which I'm guessing there is no market for. As agriculture has died and other forms of employment are extremely difficult to find, I wonder if many of these buildings will ever be occupied again. Young folk aren't going to buy them due to the absence of jobs . 'Outsiders' aren't going to buy them because of the prohibitive restoration costs. Do you think it's likely that many will just slowly crumble into ruins? That's my take, and it doesn't just apply to Abruzzo. It seems like there are far more rural properties than people to occupy them. Would be interested to hear your thoughts.James