2477 Inheritance tax

[QUOTE=Frank]Does this tax exist in Italy? If so what is the tax rate to be expected?[/QUOTE]

There is no inheritance or donation tax in Italy.
If there are real estates (houses, lands etc) the heirs only pay a 3% tax on their cadastrial value for the Land Register.
No taxes on other assets (money, bonds, shares etc)

Thanks.. Really appreciated.

Frank

Frank

Just a word of warning; I assume you are from the UK.

Your Domicle and the location of your assets are crucial components in any decisions regarding your estate. As is the treaty between Italy and UK on the taxation of estates where there are assets in each country or where both countries claim the deceased was domicile under their laws.

It can all get quite complex.

[QUOTE=Frank]Does this tax exist in Italy? If so what is the tax rate to be expected?[/QUOTE]
if you inherited property in Italy you had better look into usucapione law. If you pay the taxes on the property you may be paying them for someone else's benefit.

[QUOTE=chausjm]if you inherited property in Italy you had better look into usucapione law. If you pay the taxes on the property you may be paying them for someone else's benefit.[/QUOTE]

sorry Chausjm, but I really do not understand what you're meaning