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Financials
How much does it cost to buy a property in Italy? How much does it cost to maintain
a property in Italy? How can you finance the property? What about employment,
claiming your pension in Italy, or finding other sources of income? And what is the
biggest financial mistake that Italian property buyers make? Find answers here…
Claiming your pension in Italy
24th November 2011 - 06:26A private pension can of course be paid out wherever you choose to spend your retirement years, but if you have worked in the UK for long enough, you will still be eligible to claim your state pension even if you decide to relocate permanently to Italy. Your state pension can be paid into an Italian bank account, or into a bank or building society account in the UK. However, if you divide your time between Italy and the UK, then you must decide which country you wish your state more...
Tax planning for a move to Italy
12th October 2011 - 03:17Here are examples of some of the main taxes that will affect you if you decide to buy property, and/or relocate to Italy. Income tax (Imposta sul Reddito delle Persone Fisiche (IRPEF). If you are a foreigner working in Italy for an Italian based company or employer, and you are resident in Italy with no income tax liability abroad, your domicilio fiscal (fiscal residence) will be considered to be Italy. If any of the following criteria apply to you, more...
The Cost of Living in Italy
31st August 2011 - 03:52The cost of living in Italy is, like most countries, rising steadily. It is no longer feasible to imagine that by transferring your life here, you will suddenly be able to exist on nothing more than a wing and a prayer – the Euro, amongst other things, has well and truly put paid to that. And whilst in some areas of the country, property prices are still very low compared to the UK, there are other regions which are now almost on a par. It is all relative. more...
How to finance a property in Italy
21st July 2011 - 04:23Prices in many parts of Italy are still low enough to allow many foreign buyers to purchase outright. Indeed, the majority (and perhaps all) of the British residents of my particular Ligurian village have done exactly that. And if you are also in the fortunate position to make a full or partial cash purchase then your priority should almost certainly be to contact a professional currency conversion company, like Smart Currency Exchange, to ensure you get the most bang for your more...
Using a currency company to pay for your Italian property
8th June 2011 - 04:14Unless you are already based on the European continent, you will almost certainly have to convert funds for the payment of your Italian property. However, since the exchange process of British Pounds to Euros is but one small aspect of the entire property transaction, many buyers fail to give it the attention it deserves, thus committing a fundamental error. You will almost always have an exchange rate in mind when you determine your budget for the purchase price and additional more...