Buying a house in Tuscany, whilst living in Scotland
#17
BE Forum Addict
Joined: Dec 2009
Posts: 2,513
Re: Buying a house in Tuscany, whilst living in Scotland
There is a huge difference between buying a property and living in Italy and they are not connected.
The law of reciprocity says that if an Italian can buy a property in the UK then a British national can buy a house in Italy. This will not change after Brexit - half of London is owned by foreigners. The only other problem that could raise its head is how you wish to pay for your house, and it will make a purchase impossible if you decide to move money from a blacklisted country (Panama, Lichtenstein etc). There is no other obstacle to anyone buying a house in Italy from anywhere in the world.
Obviously if you want to live there, become resident, or anything other than using it as a holiday home for up to 90 days in any 180 day period, then the situation will be more complicated after Brexit, but that has no bearing on the physical process of buying property.
The law of reciprocity says that if an Italian can buy a property in the UK then a British national can buy a house in Italy. This will not change after Brexit - half of London is owned by foreigners. The only other problem that could raise its head is how you wish to pay for your house, and it will make a purchase impossible if you decide to move money from a blacklisted country (Panama, Lichtenstein etc). There is no other obstacle to anyone buying a house in Italy from anywhere in the world.
Obviously if you want to live there, become resident, or anything other than using it as a holiday home for up to 90 days in any 180 day period, then the situation will be more complicated after Brexit, but that has no bearing on the physical process of buying property.
#18
Re: Buying a house in Tuscany, whilst living in Scotland
Thankyou so much for this advice Modicasa. This makes things much clearer. Do you work in property?
#19
BE Forum Addict
Joined: Oct 2016
Location: Ex Teramo, Abruzzo
Posts: 1,216
Re: Buying a house in Tuscany, whilst living in Scotland
Pag see the links at the bottom of his post, site well worth a look as some great information there...
#20
Re: Buying a house in Tuscany, whilst living in Scotland
The current government advice :https://www.gov.uk/guidance/living-i...uying-property
You can buy property or land in Italy if you are:
Until the specific reciprocal Agreement is in place and the advice on the relevant Italian websites is updated then non EU nationals must be resident to acquire property as of 31 12 2020 . At the moment the UK falls under the EU provison The original post states that the purchaser wishes to buy while living in the UK .
Accommodation and buying property
Read guidance on how to buy a property in Italy.You can buy property or land in Italy if you are:
- an EU citizen
- a national from outside the EU who is fully resident or has a valid permit of stay in Italy
- a national from a country that Italy has a reciprocal agreement with and who is resident outside of Italy
Until the specific reciprocal Agreement is in place and the advice on the relevant Italian websites is updated then non EU nationals must be resident to acquire property as of 31 12 2020 . At the moment the UK falls under the EU provison The original post states that the purchaser wishes to buy while living in the UK .
#21
Re: Buying a house in Tuscany, whilst living in Scotland
What a terrible administrative mess Brexit is making and not much sign of any economic bounce.
#22
Re: Buying a house in Tuscany, whilst living in Scotland
#23
BE Forum Addict
Joined: Oct 2016
Location: Ex Teramo, Abruzzo
Posts: 1,216
Re: Buying a house in Tuscany, whilst living in Scotland
The current government advice :https://www.gov.uk/guidance/living-i...uying-property
You can buy property or land in Italy if you are:
Until the specific reciprocal Agreement is in place and the advice on the relevant Italian websites is updated then non EU nationals must be resident to acquire property as of 31 12 2020 . At the moment the UK falls under the EU provison The original post states that the purchaser wishes to buy while living in the UK .
Accommodation and buying property
Read guidance on how to buy a property in Italy.You can buy property or land in Italy if you are:
- an EU citizen
- a national from outside the EU who is fully resident or has a valid permit of stay in Italy
- a national from a country that Italy has a reciprocal agreement with and who is resident outside of Italy
Until the specific reciprocal Agreement is in place and the advice on the relevant Italian websites is updated then non EU nationals must be resident to acquire property as of 31 12 2020 . At the moment the UK falls under the EU provison The original post states that the purchaser wishes to buy while living in the UK .