Foreign nationals with a second home in Italy are subject to international succession procedures International succession pertains to the estate of a person who dies in a country other than that of their nationality or residence. It is likewise applicable to someone who leaves movable or immovable assets in a country other than that of […]
Italian law provides for legitimate heirs Although a testator may have expressed wishes in a will, certain people have a legal right to receive at least a portion of an Italian inheritance. These are all so-called, “legitimate heirs”, or “forced heirs”. The testator only has one portion of assets to dispose of freely, which varies […]
Buying property abroad with family can be a good way to spread the burden The Overseas Guides Company Ltd. has published a guide to buying abroad with family. As they say, “ a holiday home is perhaps the most life-enhancing thing you will ever buy. It helps you get to know and love another culture. […]
You rather rushed into signing a preliminary contract on an Italian property Now you need to back out of the preliminary contract. You rushed into signing because you didn’t want to miss out on a great opportunity. It’s long been your dream to own a property in Italy. When you saw this penthouse apartment, you […]
When buying a property in Italy, before you sign any paperwork, seek professional advice Property buying in Italy is a serious investment and often the fulfilment of a dream. Italy’s unique real estate laws and local customs all lead to the recommendation of having the right team of advisors in place to make your experience […]
Italian estate tax (imposta di successione) Although the government abolished Italian estate tax in 2001, it subsequently reintroduced it in 2006. Italian estate tax is therefore applicable to succession cases prior to October 25, 2001 and those from October 3, 2006 onwards. In order to comply with the fiscal rules of inheritance law, heirs need, […]
Your Overseas Home. Regular events that help people buy and move overseas safely Your Overseas Home Property events help people buy and move abroad safely. Property Guides and The Overseas Guides Company (OGC) regularly run these free events around the UK. Kim Brown founded OGC. Kim’s parents had bought a home in Cyprus in 2004. […]
The New York Times: Nationals from some countries face restrictions when buying property in Italy In a recent article about buying property in Italy, The New York Times interviewed De Tullio Law Firm about reciprocal legislation. “Because of reciprocal legislation, citizens of some countries face restrictions when buying real estate in Italy, but those from the United States, Canada, […]
Your specialists for Italian inheritance services For over 55 years, De Tullio Law Firm has been providing clients worldwide with clear-sighted Italian inheritance law services. Roman law Because Italian succession law is based on the principles of Roman Law, it provides some protection to close members of the family. This therefore partially limits the right of […]
Keep your property completion money safe On 29th August 2017, Italian legislation saw the introduction of holding accounts. The legislation governing payment for the purchase of Italian residential and commercial real estate is part of the Italian Law of Competition. The law aims to provide better protection to both property buyers and sellers. Holding accounts […]
