What is the difference between an Italian notary and a lawyer? International clients are often confused about the role of an Italian Notary. There is a mistaken belief that a public notary (notaio) performs the same function as a lawyer, solicitor or attorney (avvocato). This is not the case. Public notaries emerged from the institution of […]
Tax and estate planning matters. Think long term when buying property in Italy Owning a second home in your home country presents administrative and logistical challenges. However, at least that second home is within linguistic, tax and legal frameworks that are familiar to you. The challenges escalate with a foreign property. Italy is a popular choice for second home […]
What is the role of an executor in Italian succession? Only a testator may appoint an executor in a will. An executor in an Italian succession procedure is responsible for managing your last wishes and the administration of your estate. Your appointed executor should agree to undertake to manage your estate with all reasonable care. In […]
What is the legal situation if you own assets in Italy and abroad? Cross-border inheritance cases have increased during the past decade. In this article we therefore explore one such cross-border inheritance case. Tom Smith was a UK national in his 60s. He had two children from his first marriage, both children are now adults. […]
Making an Italian will facilitates the Italian succession process Do you own property at home and in Italy? If so, we would advise that you make an Italian will. If you are resident in Italy at the time of your death, Italian Inheritance law is applicable to your worldwide assets. Whereas if you were resident outside […]
What are the principles of inheritance law in Italy? Law n.218, 31st of May 1995 regulates the field of inheritance law in Italy. This law falls within the framework of international private law. The national law of the deceased party at the time of death determines succession rules. The Italian legislator adopted the principle of […]
Late delivery: one of the risks in buying Italian off-plan properties This article is part of a series about the risks of buying off-plan properties in Italy. To read more on the topic, please use our search tool to look for off-plan properties in Italy. Significant delays in delivery of Italian off-plan properties is one aspect […]
I bought an Italian house then discovered big cracks in the walls According to your email, you have just moved into the Italian house you purchased three months ago. Unfortunately you have discovered some serious cracks in the living room and kitchen walls. You immediately called in a surveyor (geometra), who has informed you that […]
Having a home in Italy is a dream for many Buying a home in Italy is also a major investment. There are many aspects that need careful consideration before taking the plunge: buying structures, tax and inheritance to name but a few. If you are considering buying a property in Italy, think long-term. Make sure […]
What is Italy’s high net worth individual tax regime? On 9th March, 2017, Italy introduced a high net worth individual tax system. Pursuant to article 24 bis of Italy’s Budget Bill, a codicil introduced an annual fixed €100 thousand forfeiture substitutive tax rate for foreigners. The tax regime also applies to EU citizens, who decide […]
