Suddenly there is a new forum and lots of new members appear from nowhere asking really useful questions! it's almost as if someone somewhere is trying to make the new site justifuy its existence. Which is nice.
Ram's activity
Questions Asked
One for Charlotte - i have an American client, executor of his fathers estate who says that under the Uniform International Wills Act he can deal with the Italian succession of his American/Italian father.
'Tourists' in ITaly have now got a deroga from the government allowing them to buy stuff that costs more than 1000 euros with cash.
There is a hugely important element to the manovra published yesterday. For people who took residence in Italy to get prima casa, but dont actually live here...From 2012 you will pay 7/1000 on the value of any property owned OUTSIDE ITaly.
oops apologies - going blind in my old age
So the Nationwide has introduced bank charges - £1 fee and 2% commission on every withdrawal via ATM abroad - Im gutted. But, I had no advance warning and am also deeply annoyed. Anyone else in the same boat?
Somewhat open mouthed to see a large ad for Giambrone on the front page of the Italy Mag website.
Does anyone have any info on the scudo fiscale. It seems that the new version is not only retroactive, but anyone bringing money into Italy could be liable for 5% tax if they are resident.
The disaster in the province of Messina goes to prove the instability and 'eyes wide shut' approach to living in Italy.
Comments posted
The laws on affittacamere have changed - you can rent them like a B&B but each room must have cooking facilities, telephone etc - or you can rent them as a cas vacanza - without the cooking facilities but with everything else. If you have a house full of what are basically bedsits - then you will need a partita IVA, if its a room off your garage you wont - it all depends how you want to run your businesss.
on whether you are B&B, casevacanze or affittacamere - with the services provided. Some businesses require a partita IVA from scratch, others like B&B do not ....
Go to the carabinieri, make a denuncia - it now falls within stalking legislation. They should record the calls if possible, log date and time of each call.
Yes, get a commercialista - but. If you are resident and its your first home there are tax breaks on current year income on restoration or modernisation. These cannot be offset against anything else other than your irpef for the current year - so what you propose would never work. in fact offsetting anything against future income is impossible here. Whether you need IVA all depends on how you classify your business and what you do.
If you are resident in Italy then you pay your tax in ITaly. If you have a house in the UK where you spend time, then you cannot expect to be exempt from ITlaian tax- you did after all elect to become resident. Nobody forced you to do it. I cannot agree with Gaia on this one. If you are non resident then you are not taxed twice. If you are resident then you pay - but that is an informed choice. Becoming a resident to save a few bob here and there, is and has not been a good idea for years, but people insist on doing it thinking they are beating the system.
From what I read, it isnt based on the rateable value, but on the market value. The price you paid at purchase if it was not too long ago was the calculation starting point. Given house prices in the Uk , 0.76% of a house bought even 20 years ago wont be a piddling amount.
The famous CAP which was designed by and favours only the French is still responsible for most of the ills in European agrictulture. The organic market is in decline - as any niche market is, in an economic crisis. I have friends who export organic to M&S and there orders and more importantly the money htey are prepared to pay have dropped hugely over the last 18 months. SMall producers are one thing - having a couple of hectares to grow a bit of salad veg and the odd root crop is not going to change much. The future of agriculture has been and will continue to be the large businesses who have hundreds of hectares. Here the big change has been the huge incetives given to biomass crops - which end up in car petrol tanks instead of on peoples plates - another reason for the increasing price hikes in foodstuffs. Mix it all up with the organised crime strangehold on the road haulage industry and there is a slow return to the farmers market mentality - which is no bad thing. However, there is more and more land being allowed to lie fallow or completely abandoned. There are few incentives to return land to productive use, whether it be by tree planting or short term crops. The outlook is bleak.
From the horse's (Agenzia dell'Entrate) mouth: If resident in ITaly people with only a theoretical buildings income (ie people who only own a house and do not earn in Italy) can use a the modello UNICO MINI - as long as they dont want to ask for deductions, incentives, family discounts etc. If resident abroad they must use the form UNICO NON RESIDENTI If resident and receive a pension or such like from another country they should fill in the Modello UNICO and look at page 106 of Fascicolo 1 where it says 'Foreign pensions received by an Itlaian resident'. Clear? as mud..... It is simple inasmuch as you only have to fill in the first and last page!
Marmite is essential no matter where you live!
At the risk of taking issue with Charlotte - this is a grey area. Elective residency is technically different to normal residency - (ie where you are physically and financially resident in Italy). The 6 month rule is true, but - as with most things here - open to interpretation. There was a ruling by the Court of Cassazione last year that said that having a prima casa and residency did not mean that you had to be fiscally resident in Italy - ergo - residency and anagraphical residency are different things. The problem is that noone in the comunes knows or understands any of it. Most of them cant even grasp that being resident means 183 days a year in Italy and not in that particular house.... and so on---- In your particular case - I would pay my tax in the UK as there is the double tax treaty, but fill in a simple one line tax return in ITaly when it due to show you have not earned in ITaly - and tax has already been paid on your earnings from abroad.