It is more difficult moving to Italy as a non European, but not impossible. You will need a Schengen visa from your home country and when you arrive in Italy must apply for a Permesso di Soggiorno for elective residency -all of which takes time. What you must be aware of is that Italy will become your tax residence so you will pay taxes on your worlwide income and property in ITaly which comes as a shock to many. You will have to prove that you have enough money to live on without being a burden on the Italian state adn have private health insurance .
There is theoretically no problem with paying for a property in sterling, as long as the notaio stipulates the act in Italy adn everything is written clearly in the atto. The problem comes as the money should be in the sellers' bank account at the moment of the signing, so either you need a very reliable bank manager who will do an instant transfer or you have to trust your sellers. Alternatively the notaio can write into the atto that it takes effect only when the money has been receievd by the seller and within a certain amount of time. Only then can the notaio transcribe the atto.
YOu will need an APE - your energy certficate and that and the catastal data must be written into the contract. The fees for registration are 200 euros, tax stamps fo 16 euros for every 4 pages and a percentage of the annual rent. Fees to be paid by F24 prior to the registration of the lease.
If the property is furnished you can techincally only offer it on a contratto transitorio (up to 18months). Your rental income is taxable in Italy and needs you to complete a tax return in Italy. The tenant would pay utlities - they would be trasnferred into their name. The IMU remains at the charge of the landlord. The rubbish would be at the charge of hte tenant. The contract must be registered at the Agenzia dell'Entrate with the due fees and stamps. A returnable bond is allowed, but when you return it you must add interest to the sum.
If you are resident in Italy then you are fiscally resdient in Italy and subject to Italian tax law. You are not resident in the UK. This means that your worldwide income has to be declared in Italy and subject to teh tax agreements you can deduct what tax you have paid in the UK: However, you must fill in a tax return in Italy, and in addition pay Italian surcharges because you have patrimony abroad. You can revoke your residency just by going to the anagrafe and telling them you are emigrating back to the UK - you will have to notify who needs to be notifed - comune, bank, ENEL etc - and nominate a UK address for your residency there.
Comments posted
What is the problem? Look at Sicily on Google Maps and find Etna- Then look at the towns around it, and see which ones begin with A.
The if you have been resident for more than half the time that you have owned the property you will not have capital gains tax topay
what makes you think that italy had town criers?
It depends if you are resident or not. If non resident then you have capital gain payable for 5 years.
I would look at a map
It is more difficult moving to Italy as a non European, but not impossible. You will need a Schengen visa from your home country and when you arrive in Italy must apply for a Permesso di Soggiorno for elective residency -all of which takes time. What you must be aware of is that Italy will become your tax residence so you will pay taxes on your worlwide income and property in ITaly which comes as a shock to many. You will have to prove that you have enough money to live on without being a burden on the Italian state adn have private health insurance .
There is theoretically no problem with paying for a property in sterling, as long as the notaio stipulates the act in Italy adn everything is written clearly in the atto. The problem comes as the money should be in the sellers' bank account at the moment of the signing, so either you need a very reliable bank manager who will do an instant transfer or you have to trust your sellers. Alternatively the notaio can write into the atto that it takes effect only when the money has been receievd by the seller and within a certain amount of time. Only then can the notaio transcribe the atto.
YOu will need an APE - your energy certficate and that and the catastal data must be written into the contract. The fees for registration are 200 euros, tax stamps fo 16 euros for every 4 pages and a percentage of the annual rent. Fees to be paid by F24 prior to the registration of the lease.
If the property is furnished you can techincally only offer it on a contratto transitorio (up to 18months). Your rental income is taxable in Italy and needs you to complete a tax return in Italy. The tenant would pay utlities - they would be trasnferred into their name. The IMU remains at the charge of the landlord. The rubbish would be at the charge of hte tenant. The contract must be registered at the Agenzia dell'Entrate with the due fees and stamps. A returnable bond is allowed, but when you return it you must add interest to the sum.
If you are resident in Italy then you are fiscally resdient in Italy and subject to Italian tax law. You are not resident in the UK. This means that your worldwide income has to be declared in Italy and subject to teh tax agreements you can deduct what tax you have paid in the UK: However, you must fill in a tax return in Italy, and in addition pay Italian surcharges because you have patrimony abroad. You can revoke your residency just by going to the anagrafe and telling them you are emigrating back to the UK - you will have to notify who needs to be notifed - comune, bank, ENEL etc - and nominate a UK address for your residency there.