Retire Overseas Conference Orlando 27th / 30th of August

Conference Live and Invest Overseas – 
Orlando 27th / 30th of August 2017

This year ARP will participate to the annual conference of Live and Invest Overseas in Orlando, Florida. More info.

Habitable country house with land and olive grove, Molise.

Country house of 190 sqm, surrounded by 1 hectare of olive grove. Poggio Sannita, Molise, Italy.

Country house of 190 sqm, surrounded by 1 hectare of olive grove. Poggio Sannita. 70.000 €. View Property.

Restored 200 year old stone 132 sqm villa close to Palmoli, Italy.

Restored 200 year old stone 132 sqm villa surrounded by one hectare of land close to Palmoli, Abruzzo.

Beautiful restored old stone villa with one hectare of land, four bedrooms and four bathrooms. 185.000 €. View Property.

Beautiful villa with sea view. Montenero di Bisaccia. Molise.

Beautiful villa with breath-taking view of the Adriatic sea, Majella mountain and rolling hills. Molise, Italy.

Beautiful villa. 370 sqm of habitable space surrounded by 1.500 sqm garden. 350.000 €. View Property.

Life in Abruzzo. Events and Traditions.

This blog promotes life style in Abruzzo and Molise regions. Events, festivals, traditions and many others interesting, funny and useful tips about Abruzzo and Molise.

  • Главная
    Главная Страница отображения всех блогов сайта
  • Категории
    Категории Страница отображения списка категорий системы блогов сайта.
  • Теги
    Теги Список тегов, используемых в блогах.
  • Архив
    Архив Список сообщений блогов. созданных ранее.

Taxes in Italy

Italian property market legal and tax system to purchase a property in Italy.

Добавлено : Дата: в разделе: Taxes in Italy
Colosseum in Rome

 When it comes to global locations for expats to consider making home, Italy is one country that is simply incomparable to other countries around the world. Whether you are thinking about Italy because of the chance to see some of the prestigious artwork by notable artists including Michelangelo, Botticelli, Donatello or Leonardo da Vinci, or you want to live in a country with a thriving aura of romance, a diverse culture and amazing people, Italy is a wonderful choice for those who want a lifestyle that centers on having a wide array of things to do from one day to the next. Museums, restaurants, historical buildings and castles to tour as well as the world’s most brilliant architecture abounds throughout the entire country.

When planning a move, especially an overseas move to Italy, be prepared to work with a fully licensed Italian real estate agent to find a home to stay in when you arrive. This is necessary whether you plan to rent a home or try to purchase one. A realtor will help you find what you want and can help you stay within the budget you have prepared to spend on rental accommodations, basic utilities and home amenities including guest bedrooms and furnishings if needed. Take note that if a rental home is listed as unfurnished, this typically means nothing will be inside, including appliances. Many expats moving to Italy choose to pack lightly and leave their large furnishings behind as it can be very expensive to ship furniture and large items overseas. Renting a furnished home will usually allow you to have a bed, dresser, living room furniture and possibly a washing machine for your clothing.

Shipping Personal Property Over

Unless you plan to buy everything new, which is not a bad idea at all due to import cost, then you may need to have a few items shipped over once you find a home. Italy has some of the best clothing shops in the world, so you may want to pack lightly and start shopping for a new Italian wardrobe when you arrive. Prices on clothing in Italy is often far less expensive than you would find in the U.S. and it is simple to build a new wardrobe in a short time. Furnishings for a home such a bed, dresser and other basics are often included in a rental fee. This leaves sentimental items, computers or work related items and small items that you may need around your new home that may not be easy to replace in Italy.

To ship items to Italy, they must pass through customs and you will need to show some of the following paperwork before anything will be accepted:

  • Passport (A copy will suffice)
  • Work Permit
  • Residence Visa
  • Inventory list (Must be written in Italian and be approved ahead of time by the Italian Consulate)
  • Bill of Lading or Airway Bill
  • Power of Attorney to allow the shipper to arrange for customs clearance of your items
  • A residency certificate that shows the number of people in your family as well as their country of origin if they will be living in Italy
  • A consular declaration stating the time you will live in Italy
  • A permit to stay (Permesso a Soggiorno) issued by the Police Office Foreign Department
  • A statement showing you are moving and the value of the property you are shipping
  • Signed statement from your employer (if working) showing your work contract and the sate you will begin your job in Italy

You can ship personal items including clothing, dishes, household furniture and other small home goods without paying duties and taxes if you are planning to stay in Italy for at least one year and can show that you have owned the property for at least one year and you ship them within six months of your arrival.

Bringing a Car to Italy

While it can be quite expensive to ship a car to Italy, there are many people who find it beneficial as it will save time when traveling, cut costs on taxis and public transport and will be a convenience when you need to get from one place to another quickly. If you can wait for at least one year before you ship the car over, you can ship it duty free and save some money if you have owned it for at least six months and will use the car only for personal use in Italy. To bring a car over, you must hire a professional car shipper and will need to show the following documentation to customs:

  • Passport (A copy will suffice)
  • Commercial Invoice
  • Driver’s License
  • International Insurance Policy (Green Card)
  • Paperwork from the car manufacturer showing car features and proof that the car has been conformed to EU requirements
  • Auto Insurance Policy from an Italian insurance agency
  • Title to vehicle
  • Registration to vehicle

While you can ship a car duty free once you have bene in Italy for a year, you will need to pay shipping costs and those can range between $2800 and $4700 depending on which area of the U.S. you are shipping from. You will also need to pay a Value-Added Tax (VAT) of around 22% to ship legally and clear customs.

Italy is not an inexpensive country to live in and many areas will be more expensive to reside than in the U.S., but due to the wealth of the country and the opportunities to expand your life with art, culture and a diversity in life uncommon in the U.S., the price is well worth the move if you can afford it. You can also find some very affordable cities in Italy, such as living in Abruzzo or other small cities, but taking time to work with your realtor to find the perfect home will be very important. Moving to Italy is also a great way to be part of a thriving community where life, love and family are important and where you can enjoy the finest foods and beverages in the world.

Просмотров: 726

Добавлено : Дата: в разделе: Taxes in Italy
Technical survey to buy a house in Italy. Property purchase in Italy.

 Numerous clients have asked me this question: Is a technical survey required by the law in order to purchase a house in Italy?

The answer is no. For the Italian law a survey is not a mandatory document in order to buy a house.

A survey is a document you might want to have for your own peace of mind, to give you a better idea of the state of a property you are interested in, but it is not necessary for the sake of the purchase.

In Italy there are three different types of surveys:

  • Perizia semplice – If you are buying a house in Italy, you might want a technical survey to be carried out as a form of report on the condition of the house: conditions of the structure, roof, plumbing, electric system, condition of chimneys, etc. Any registered architect, surveyor or engineer can issue this type of survey; This type of survey is called perizia tecnica in Italian. The surveyor signs the survey with his/her own name.
  • Perizia asseverata – This type of survey is different from the previous one because the surveyor/engineer/architect signs the technical report and in addition confirms the authenticity of its contents. Perizia asseverata includes a sentence where the surveyor declares that the contents of the survey are true and that he/she is personally responsible for these contents. The sentence in Italian is the following: “sotto la propria personale responsabilità”. In this case, the surveyor is legally responsible for the contents of the survey he/she has issued and can be legally persecuted if the survey were to contain false statements related either to material or ideological matters.
  • Perizia giurata – This type of survey is like a perizia asseverata plus an oath in court. The surveyor has to state in the survey that the contents are true and he/she has to swear the truthfulness of such contents in the presence of a Chancellor of the Court, in the presence of a Peace Officer according to art. 5 del R.D. n° 1366/22, or in the presence of a Public Notary, according to art. 1, comma 1, point n° 4, R.D. n° 1666/37. The surveyor is legally responsible for the contents of a perizia giurata and can be legally persecuted if the survey were to contain false statements. In this type of survey, the surveyor has to state the following sentence: “[...]aver bene e fedelmente adempiuto all’incarico affidatogli al solo scopo di far conoscere la verità.”. This means that he/she has done his/her work honestly with the sole purpose of divulgating the truth. This type of survey has a higher legal value in a court case than a perizia asseverata.

Should you require a survey, be it a simple report, a perizia asseverata or a perizia giurata, please feel free to contact Abruzzo Rural Property. We can provide surveys written in English at very reasonable prices.

The prices depend on various factors and our surveyor will provide an estimate according to your needs.

Привязка к тегам Purchasing process
Просмотров: 683

Добавлено : Дата: в разделе: Taxes in Italy

 According to Rightmove.co.uk, UK's number one property website for properties for sale, Abruzzo is the least expensive region in Italy and in Europe for investments on property. Prices offered are even cheaper to those of Spain, Greece, Hungary, Portugal and even Turkey.

Abruzzo is the second region in Italy (after Tuscany), for overseas buyers looking for a property for sale in Italy.

In 2016, according to Rightmove annual report, 6.513,143 potential buyers have been looking for a house in Italy; this shows an increase of the 8% compared to 2015. The vast majority of these potential buyers are British.

Brexit doesn’t seem to have affected the trend, in fact in July 2016 the number of British searching for a house abroad has increased, reaching the highest number of searches even by users of Rightmove.

Italy is the third country in Europe for foreign investors, surpassed only by Spain and France. The type of buyers searching for a house in Spain are mainly attracted to coastal properties, apartments on the beach or in the Mediterranean islands. The type of buyers searching for a house in France, are looking for a country house. In Italy the trend is steady, with 35% of searchers looking for a coastal property and 37% looking for a property in the country side.

Now let’s talk about the Abruzzo region.

As previously said, Abruzzo is the second region after Tuscany for foreigners interested in buying their house in Italy, in the third position we find Lombardy, followed by Sicily and Liguria. Amongst the 6.513,143 potential buyers searching for a house in Italy (according to Rightmove 2016 Annual Report), 352,872 are searching for a house in Abruzzo. This figure shows an increment of 19% in comparison with 2015.

What is more astounding is that, this region offers the most competitive prices in Italy and in Europe. Below are some example.

Graphic with average property price for different regions in Spain, France, Italy and Protugal.

The less expensive area in Spain for property purchasers is the Valencia region with property average prices around 118.562 Euro for houses and 63.636 Euro for apartments. The less expensive area in France for property purchasers is the Limousin region with property average prices around 93.071 Euro for houses and 32.775 Euro for apartments. In Italy, Abruzzo is the least expensive area with property average prices around 61.735 Euro for houses and 89.175 Euro for apartments.

In Abruzzo, apartments tend to be slightly more expensive because they are usually newly built and not far from the beach.

It is surprising that a region like Abruzzo, with its beautiful coastline, majestic mountains, green rolling hills scattered with hamlets, three natural parks and its strategic location right in the center of Italy, is the least expensive area in Italy and in Europe for buying a house.

The chart below indicates how cheap properties are in Abruzzo in comparison with other Italian regions.

Property price in Italy by region, 2016.

Another interesting point is that the most popular area of Abruzzo for foreign investors is the Chieti province, followed by the Pescara province and then Teramo.
The number of properties on the market in 2016 has increased by 27% in comparison with 2015. The vast majorities of investors are from the UK, followed by US buyers, Australian buyers and those from other European countries.

These data can be interpreted in one way only: Abruzzo is the hottest area in Italy to invest in, prices are at their best and there is a huge number of properties on the market.
With these prices, Abruzzo is the perfect area to buy a property, be it just as an investment. We are not able to tell if the market will be steady in the future, but we are sure that this is the right moment to buy a house in the Abruzzo region.

Data Font: Rightmove.co.uk
Привязка к тегам Property Abruzzo Purchasing process
Просмотров: 2675

Добавлено : Дата: в разделе: Taxes in Italy

On 29-05-2014

 Great news if you're a Brit planning to buy a rural property in Abruzzo! It's now much more affordable to do so, because the pound recently its highest versus the euro in 17 months. To be specific, sterling reached 1.1371 against the common currency earlier this week, its highest since December 12th 2012.

What does this mean if you're buying a rural property in Abruzzo?

If you're buying a rural property in Abruzzo, this means you'll now receive a far higher euro total when you transfer your money to Italy to buy the property. In fact, if you transfer £250,000, you'll receive €25,050 more now than if you'd done so on March 12th 2013, when the pound was at 1.1371. So, this puts an Abruzzo rural property closer within reach!

Will the pound continue to rise against the euro?

It could! This is because, first, the UK economy is roaring back to life. For instance, food sales in the UK rose by their most since January 2002 last month. Moreover, the Bank of England is set to hike interest rates before any other major central bank. So that could boost the pound further!

How can you get the best exchange rate when you buy a rural property in Abruzzo?

1. The biggest thing you can do is to compare the exchange rate you're offered. This is because a specialist currency dealer will offer you an exchange rate up to 4% better than your bank. If you're transferring a lot of money to Italy to buy a property, that can add thousands to your euro total!

2. If you like the current exchange rate, but don't yet want to transfer your money to Italy, you can 'lock in' the exchange rate with what's called a 'forward contract.' What this means is, even if the exchange rate falls in future, you can still get today's good exchange rate; you're protected.

3. To get a great exchange rate, it's also a good idea not to leave transferring your money to Italy to the last minute. This is because, if you do so, you'll have no choice but to accept the exchange rate that's available. Instead, if you start looking early, you've more time to get a good exchange rate!

So in short, 2014 is looking like a great time to buy a property in Abruzzo with Abruzzo Rural Property, as sterling rises versus the euro!

About the author

Peter Lavelle is a currency dealer at foreign exchange broker Pure FX. To get free currency advice for when you buy a rural property in Abruzzo, call him on +44 (0) 1494 671800 or email info.abruzzoruralproperty.com. He'll be happy to help.

Просмотров: 2812

Данный сайт использует куки, чтобы позволить нам увидеть, как используется сайт. Если вы продолжаете использовать этот сайт, мы будем считать, что вы счастливы с этим. Мы предполагаем, что вы с этим согласны, но вы можете отказаться, но вы можете отказаться, если вы хотите.