Hallam Family's activity
Have you considered that you might pay a lower tax in Italy? We are looking to let in Tuscany. If we add the income from the property to our Australia tax return it takes the money into a much higher tax bracket than if we keep the money in Italy and pay Italian tax. If you don't have a uk income to worry about then you are OK but if you pay income tax at home you may want to see if overall you might be better off with Italian taxes, we will be.
Ok so may be your not the only one confused here. We are in the process of buying now and have been told that we will be taxed on the cadastral value ONLY. Can anyone please confirm this? Our purchase is in Tuscany.
Am buying house to renovate at the moment. Asked the same question myself of an electrical engineer here in Auz. He said the standard upgrade we could get to 6kw in Italy will still only just do us for a 4 bed house. Check the applicances you want to buy and what they use. Tumble Dryers, Hairdryers, Washing Machines and dishwashers are the worst. Remember you what you will always have on like the internet router, your fridge and any satelite to run the internet. These things will be running all the time. Then add to that turning on a dishwasher which runs on 2.4kw and you trip out. You need to get them to upgrade to the 6Kw which the current lines offer and then maybe look at either upgrading to more phases (e.g. lines) or solar, especially if you plan to rent out the house in summer. Put the big things like a washing machine and dishwasher on the solar system and lock up the tumble dryer or don't even get one.