1359 Taking money to Italy

I know there have been a number of threads about the best way to transfer money between English & Italian bank accounts, but does anyone know if there are restrictions on to taking money (ie cold hard cash) into Italy?

Category
Legal

If you don't want to declare it I believe it has to be less than the equivalent of £10,000 at any one time, per person.

[QUOTE=Susan P]If you don't want to declare it I believe it has to be less than the equivalent of £10,000 at any one time, per person.[/QUOTE]

Declare it to who?

[QUOTE=Poetica]Declare it to who?[/QUOTE]

Declare it to whom?

Sorry, I couldn't resist :-)

[QUOTE=Licciana]Declare it to whom?

Sorry, I couldn't resist :-)[/QUOTE]

A vlauable contirbution to the thred! More typos fro yuo to corect

Does it could against me if I answer my own thread? I have now found the answer & post it more for general interest, closure etc.... It seems that each visit 12.500EUR can be brought into the country.

[url]http://www.agenziadogane.it/italiano/comunicare/pubblicazioni/carta_doganale_uk.pdf[/url]

If anything more than 12.500EUR is brought in it needs a form filling in at the Uncle Tom Cobley & all office.

[QUOTE=tuscanhills]Does it could against me if I answer my own thread? I have now found the answer & post it more for general interest, closure etc.... It seems that each visit 12.500EUR can be brought into the country.

[url]http://www.agenziadogane.it/italiano/comunicare/pubblicazioni/carta_doganale_uk.pdf[/url]

If anything more than 12.500EUR is brought in it needs a form filling in at the Uncle Tom Cobley & all office.[/QUOTE]

Now that IS helpful. Good link. Does "currency" include funds transferred electronically etc for the purchase of property/renovation, or is the definition limited to cash? I foresee problems in repatriating funds to the UK should the Italian property be sold. How does this fit with the EU tenet of free movememt of capital throughout the EC?

It seems like this is limited to cold hard cash........ the transfer of funds electronically (bank to bank) is nicely controlled, traceable & strictly controlled by money laundering regulations.

As I understand it, it's 12.5K by each person, for each visit, so if you are looking at bringing money over for property purchase/renovation, you might need to make several visits and have a safe place to stash the cash.

How this fits into the wider scheme of the EU, I guess you'll have to ask Peter Mandelson(!)

[QUOTE=tuscanhills]It seems like this is limited to cold hard cash........ the transfer of funds electronically (bank to bank) is nicely controlled, traceable & strictly controlled by money laundering regulations.

As I understand it, it's 12.5K by each person, for each visit, so if you are looking at bringing money over for property purchase/renovation, you might need to make several visits and have a safe place to stash the cash.

How this fits into the wider scheme of the EU, I guess you'll have to ask Peter Mandelson(!)[/QUOTE]

Molto utile. Grazie e saluti