Entries by Giandomenico De Tullio

Estate Planning And Tax. Buying An Italian Property

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 […]

Executor in Italian Succession

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 […]

Make an Italian Will if you own property in Italy

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 […]

Off-Plan Properties in Italy: Delivery Delays

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 […]

High Net Worth Individual Tax Regime in Italy

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 […]