Italian property leaseback scheme: buying a house in instalments In 2016, the Italian Stability Law introduced a property leaseback scheme. In effect, this allows buyers to purchase an Italian property without a mortgage. The property leaseback scheme is available to those whose annual income does not exceed 55,000 Euro. and who do not already own […]
At De Tullio Law Firm, we specialise in Italian property law. Our clients often ask if foreign nationals can get a mortgage in Italy to purchase a property. In this article, we explore the Italian Mortgage process. In principle, non-Italian nationals can obtain a mortgage in Italy. However, in recent years, bank policies on lending to non-Italians […]
Different types of Italian wills There are three different types of Italian wills. A Formal will (Testamento Pubblico), drawn up by a Public Notary on the testator’s instructions. Witnessed and deposited with Public Notary until testator’s death. A Holographic will (Testamento Olografo), handwritten, dated and signed by the testator. No witnesses required. The testator can deposit […]
At what stage of the Italian property buying process should you contact a lawyer? The Italian property buying process is quite complex. At the very least, it differs from what buyers may have experienced at home. The question about contacting a lawyer is one overseas buyers frequently ask us. On the one hand, people worry that […]
Buying properties in Italy is a major decision. You must proceed with caution, always do your research and seek independent legal advice. Continued slow economic growth in Italy helps to keep property prices low and therefore is attractive for those looking to invest. Interest rates show no sign of substantially increasing in 2016 either in […]
Italy’s 2019 Stability Law – Flat-Rate Tax Scheme By introducing the flat-rate tax scheme in 2018, the Italian government’s objective was to boost employment. In addition, the government aimed to reduce undeclared taxable income and employment irregularities. In the 2019 stability law, the government broadened the flat-rate tax scheme. The scheme therefore now extends to individuals […]
The American Chamber of Commerce in Italy – Puglia Since October 2015, Giandomenico De Tullio has been a regional representative for Puglia at the American Chamber of Commerce in Italy (AmCham). AmCham is a private, non profit-making organisation. The American Chamber of Commerce in Italy’s mission AmCham’s purpose is to develop and foster economic and […]
In 2015, the EU introduced new succession rules to simplify cross-border inheritance matters To benefit from the new EU succession rules, overseas nationals with assets in an EU Member State need to take action in a will. According to The European Commission some 450,000 cross-border successions occur in the EU each year. These are estimated […]
Co-heirs and inheritance An estate comprises assets and rights. Partition of an estate refers to the division of all the assets between all the beneficiaries. Where there are two or more heirs, this establishes a condition of joint ownership of rights and duties concerning an inheritance. Each co-heir inherits a portion of the deceased’s estate. This […]
How can an Italian inheritance lawyer help you? The Italian inheritance process can be complex. Because it is essential to obtain the right legal advice, having the right lawyer on your side will be massively beneficial. This is especially true if you are not living in, or are unable to travel to Italy to deal with estate […]
