Published by carratelli4 years ago

Demand for luxury properties is growing throughout Italy, with requests having increased 30% in recent years. High-net-worth individuals, or those with significant assets, may consider transferring their tax residency to Italy...

The demand for luxury properties is growing throughout Italy, with requests having increased by 30% in recent years. high net worth individuals, that is, individuals with high net worth, may consider transferring their tax residency to Italy. The new 2017 Budget Law introduced a highly advantageous optional tax regime that incentivizes and allows particularly wealthy individuals, through the payment of a flat tax for foreigners, to transfer their tax residency to Italy. 

 

This preferential regime allows you to pay a flat tax of €100,000 per year, plus €25,000 for each family member who wishes to take advantage of the same benefit. Who is entitled to this flat rate tax? You must have spent nine of the last ten years outside of Italy. Who is it applied to and how long does it last? The flat-rate tax applies only to income earned abroad that is not subject to any additional tax in Italy and will last a maximum of 15 years. 

 

CWhat should be indicated in the application for flat tax relief?

  • -personal data;
  • -the Italian tax code;
  • -the residential address in Italy;
  • -non-resident status in Italy for at least 9 years in the last ten years preceding the start of validity of the benefit;
  • - the jurisdictions in which he/she had his/her last tax residence before the period of validity of the benefit;
  • -the foreign states or territories for which the substitute tax is not applicable.
  •  

The request can be delivered by hand or sent via PEC (Certified Electronic Mail) by completing a checklist. Carratelli Real Estate Through specialized consultants, we can assist these interested clients throughout the entire process, from the legal aspects to the selection and purchase of their dream home. For more information, contact our specialists: info@carratellire.com

Carratelli

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