Cara Community,Do you think when we pay the new tax on property held overseas that we will be able to deduct any taxes of the same kind that we pay in the UK. For example, would it be possible to deduct Council Tax?Tks
Taxation on current accounts and investments changes from 1 January 2012 where the amount of tax on returns will be 20%.Does anyone know if this applies to State bonds too ?
If you are an Italian fiscal resident when you file your annual return in Italy there is a special setion called the "quadro RW" and you have to indicate all the assets and investments you have abroad. So the information is provided by yourself, but only if you are a fiscal resident in Italy.
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I think that if you pay much more in Italy than in the UK, that difference is lost and you cannot recover it.
If you are an Italian fiscal resident when you file your annual return in Italy there is a special setion called the "quadro RW" and you have to indicate all the assets and investments you have abroad. So the information is provided by yourself, but only if you are a fiscal resident in Italy.