2 days ago
In a parliamentary answer yesterday the UK government confirmed that from 2021 British citizens can only stay in Europe for a cumulative 90 days out of a 180 day period. This is because Britain wants to 'take back her borders'. Europeans going to the UK from Jan 1 will be able stay there for 6 months consecutively. The govt confirmed that they would not be asking for a level playing field. ... See MoreSee Less
Here are some of the companies which offer earthquake insurance. If you are resident in Italy you can also claim 19% back on your tax return. ... See MoreSee Less
The second update for Buying in Italy 2020 was sent out last week. If you are eligible for the updates and haven't received it, please let me know ... See MoreSee Less
From 1 December the new plan to encourage people to use electronic payments takes effect. If you use a debit/credit card (with an Italian IBAN) in a physical shop you will automatically get a 10% discount, up to a limit of 3000 euros per year, which will be automatically credited to your account. Its not valid for internet purchases. The number of purchases is important, as if you pay for 3000 coffees, you will be have 3000 chances to win further money in the receipt lottery - with up to 3000 euro in prizes. Buy a watch for 2999 euros and you only get one lottery ticket. The lottery starts on 1 Jan 2021. ... See MoreSee Less
The lack of any preparation for Brexit means that expat British bank account holders are now seeing their banks closing their accounts. Lloyds and Barclays are already sending out letters informing their expat customers that their accounts will be closed by 31 December. Other banks are expected to follow suit. ... See MoreSee Less
3 months ago
It seems too good to be true – do some work on your property and the government will give you all the money back plus another 10% for good measure. Well, it is almost too good to be true.
The scheme works like this:
If you do work to insulate or improve your home with regard to energy efficiency, or antiseismic measures you are eligibile to apply for the incentives as long as the the results increase your energy efficiency by 2 classes on your APE.
To qualify, therefore, you must have an APE before you start the work. You must pay with bank transfers, to a company with a DURC, using a professional who takes all responsibility for the job. Obviously you must have all necessary permits.
If you pay lots of tax in Italy and have money in the bank, you can claim the incentives over 5 years on your tax bill. If not, you can either use a building company who do the work free and they use the tax credit, (chances are slim) or cede the debt to a bank which charge you for the privilege (equally slim chances).
In theory it’s a clever idea to make sure houses are completely legal, root out people who pay ‘in nero’ and allow the catasto to increase the rateable value of the improved property, thereby getting more local taxes in the future. In practise it will allow well off people to do work they could easily afford to do without a tax break, and the little old granny living in a freezing, damp box will remain just that.
Both first and second homes are eligibile (a maximum of 2 properties) as well as condominiums. The incentives are valid will December 2021. ... See MoreSee Less
From 1 July the limit for cash payments will be be 2000 euros. ... See MoreSee Less
The first (delayed) update for 2020 for Buying in Italy has just been sent out. ... See MoreSee Less
From 3 June Italy reopens, and you can travel freely without autocertification from abroad and within Italy itself. The wearing of masks in most areas, and especially indoors is a requirement. ... See MoreSee Less
9 months ago
Now available at buyinginitaly.com the 2020 edition, with free updates for 2 years. It will be on Amazon by the weekend ... See MoreSee Less
10 months ago
Holders of UK passports will find that from 2021 a stay of 90 days in Italy will preclude a return within the next 90 days... and so on. Basically if you stay for 3 months, (as a non resident) you will have to leave for 3 months before returning.
www.independent.co.uk/travel/news-and-advice/brexit-passport-visa-eu-european-union-etias-electro... ... See MoreSee Less
1 years ago
The budget this year will probably include a raise of capital gains tax (plusvalenza) on second homes if sold within 5 years of their purchase. at the moment this stands at 20% but in all likelihood will go up to 25%. This means 25% of any profit made within 5 years will be paid to the state. ... See MoreSee Less
EU parliament votes to give UK citizens visa-free access after Brexit
When the UK leaves the EU, British travellers will become ‘third country nationals’ ... See MoreSee Less
The 2019 edition of Buying in Italy is now available in pdf format from www.buyinginitaly.com The Amazon edition will also be uploaded shortly if you want the Kindle version. Those eligible for updates - who have bought in the last two years will receive the new edition automatically over the next few days. ... See MoreSee Less