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Lake Como Property

Codice Fiscale

All foreigners who are resident in Italy must apply for their tax identification number codice fiscale (an alphanumeric code of 16 characters which is similar to Social Security Number).  This i.d is mainly used for tax purposes. You are liable to ...

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Business Tax

Tax is an issue if you are planning to set up a business or work on a self-employed basis in Italy. Even the smallest companies will pay this tax though how much depends on which region your business is in. ...

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Income Tax

Paying income tax in Italy is expensive. IRPEF (Imposta sui redetti delle persone fisiche) is a progressive tax and has a low starting threshold; Up to €15000 it’s charged at 23% €15001 to €29000 at 29% €29001 to €32600 the ...

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Italian Tax Overview

It is extremely important that you get your tax and other financial affairs in order before you move to Italy (again with the advice of a commercialista/tax advisor). You may find that going offshore with your bank accounts or mortgages ...

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Inheritance Tax

While property values are periodically taxed via IRPEF (Imposta sui redetti delle persone fisiche), there is now no capital gains tax on property (the former INVIM) and there is no wealth tax. Inheritance and gifting of property (to close family ...

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Paying Tax on your Italian Property

Tax law changes each year in Italy and you must consult a commercialista (tax professional) before making any decisions which may change your status or liability. It is advisable that you also consult an accountant or advisor back home. Taxation is very ...

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Furnishing a Rental Property

Now that you have become the owner of a property in Lake Como, Italy, you need to consider how to furnish it. It sounds profoundly simple but you would be amazed at what people forget to do when furnishing for ...

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Property Rentals – by yourself or via an agent

If you have decided that you want to rent out your property, you then need to consider whether or not you want to do it by yourself or use a property management company. There are many owners sites on the internet with templates to ...

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Property Management

When buying abroad many people want peace of mind of of having somebody “on the ground”. For many property owners it may be as simple as having a friendly neighbour who holds a set of keys, for others it may be the full ...

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Renting out your property

If you are thinking of buying a property in the Lake Como area in view of maximising property rentals potential then you should consider the following factors before you proceed: Don’t make any rash decisions, go home and sleep on ...

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