Having lived in a 400 year old cottage in the Midlands which we renovated we know exactly where to find really good repro' or genuine antique building materials in the UK but are starting all over again in Italy in the Lazio region with a 300 year
rachel68's activity
Questions Asked
I think we might end up moving some of our possessions in a piecemeal fashion and I am wondering if anyone knows the cheapest way of sending biggish boxes to Italy?
Thu, 06/07/2012 - 12:56
We are an English family looking to find an Italian mortgage to renovate 'half' of our Italian home. Half will have been finished prior to the mortgage and have been told by Barclays to approach a local lender as I will have Italian residency.
Thu, 06/07/2012 - 09:39
I took some paid advice from a commercialista and then another offered me some kind advice too which is conflicting. I wondered if anyone has got any information on what value IVIE will actually be based on?
Mon, 06/04/2012 - 12:53
Our derelict casale is 300m2 with a nearly finished converted outbuilding of around 80m2. There seems to be lots of conflicting thoughts on what comprises 'luxury' in terms of IMU which I understand incurs higher taxes.
Wed, 05/30/2012 - 14:26
I read that you are not allowed to let your 'prima casa' but in our case our farmhouse has an outbuilding (not joined) which we are making habitable and would like to rent out to supplement our income. We would be living in our house.
Sun, 05/20/2012 - 13:59
Can anyone tell me the implications of renting our current family home in the UK when we become resident in Italy? Initially it is likely just myself and not my partner will take up residence in Italy.
Fri, 05/18/2012 - 13:09
We recently bought a house (September 2011) expecting the tax to be calculated on the catastal value which we were told is always less than the purchase price so worked out a worst case scenario and expected to be a little pleasantly surprised.
Mon, 05/14/2012 - 19:00
Hello,We are a family grappling with how to best sort out the financial side of renovating our casale in the Sabina mountains which will be our main home in a few years time.
Mon, 05/14/2012 - 11:33
I saw some postings regarding driving to Italy mentioning ferry crossing costs of £60. When I've looked into ferry costs they seem to be hugely more than this...we live in Edinburgh but are often South so could use several port options.
Sun, 05/13/2012 - 12:45
Comments posted
Many thanks Ram that's really helpful. No surprises here as the UK has been following this principle for years. Out of interest, do you know what happens as regards purchase tax if 'residenza' is held in Italy for say 3-4 years, followed by a period of being 'resident' in another country and then is resumed...or not...even if the property still exists? We are a family with internationally mobile jobs, so probably a bit unusal as we have to adapt to an unknown future all the time...hence so many questions! To those who find such questions annoying please don't reply...I've become a little nervous using this forum!
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Thanks Penny. We are in total 'suspension' at the moment anyway as the plan was for me and the kids to go out ahead of my partner. Maybe it's the home in the UK we should put in his sole name I'm beginning to think in the same way that Italian married couples can legitimately have due prime case! I have no problems with paying tax totally above board (we even made a full declaration of value when we bought our casale, much to our vendor and notary's surprise!) it's just the huge complication of the system and I suspect a major drop in our letting income we rely on of our UK home if it is taxed at 40% rather than the 25% minus deductions at present. It is also the worry of what happens when we sell the UK house if it's in my name but my nominated prima casa is in Italy. I imagine the Italian tax system would demand some capital gains share...
Thanks for your reply Flip. I was just really curious as to how people were finding £60 ferry routes. Despite being in Edinburgh my local route (now Newcastle to Amsterdam as the Scottish Rossyth route sadly closed) is coming out at £390 return as opposed to the levels others mentioned on a post! To drive to Lazio (Sabina, a hour north of Rome) can anyone suggest a good route or ones to avoid? Thanks
Thanks so much for the help! This is all really helpful. Perhaps I should explain a little more; I am a freelance classical musician and am really hoping to audition for work in Italy alongside being 'on site' with the house renovations (musicians often survive with this hybrid job combination!). We were also planning for our 3 1/2 year old to go to the village scuola infanzia so really I would be living in Italy. The fly in the ointment is that my partner's work means I'll be travelling between where he is based and Italy. This will become clearer over the next few months when we know where his next posting will be. We are told the casale renovation costs will be in the realm of €170k so not being resident at this point will also mean hugely expensive building taxes at a non-resident rate plus no access to the tax reduction (€48k over ten years?) you can claim for renovating an old derelict building in Italy. I suppose the big issue is what happens if we sell our house in London and decide to downsize to release funds at some point. In the UK it's our sole home so no capital gains but will the Italian tax office be entitled to a chunk of the profit? Seems a little unfair as if I sell in a year I will have only been an Italian resident for a fraction of the time that we've owned the UK house. Any ideas of a good, reasonably priced commercialista? Thanks again!