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Italy Tax- to be or not to still be, UK resident ?

Italy Tax- to be or not to still be, UK resident ?

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Old May 7th 2012, 10:21 am
  #31  
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Default Re: Italy Tax- to be or not to still be, UK resident ?

Thanks for the info Starfred, only problem is , I don't earn a lot of money out here, just enough to survive each month and as the limit is 5,000 euros a year for the occasionale rate, I have to move onto the Partitia Iva, new questions though, does anyone have the new minimum Partita Iva ? the 5% tax one ? My commercialista tells me I have to pay 60% tax essentially in my first year (including IVA and IMPS) can anyone confirm or deny this ? as frankly it's ridiculous

Also is there really no external benefits to having the Partita Iva ?
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Old May 7th 2012, 10:31 am
  #32  
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Default Re: Italy Tax- to be or not to still be, UK resident ?

There are no benefits. Believe me.
Also an Italian commercialist has no responsibility for being utterly useless. They can not pay your tax, screw you around and leave you for dead and it's your fault.
You will pay IVA every 3 months, if you have a debit quarter you will wait literally years before they refund you.
Your tax burden will be high - INPS, IRPEF, regional irpef, provincial irpef and communal irpef - you will wonder why you bothered. If they offer you a standard contratto indeterminate or determinate think about it - you will get less money, but no headaches, outrageous tax demands, etc etc..
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Old Jun 10th 2012, 8:16 am
  #33  
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Default Re: Italy Tax- to be or not to still be, UK resident ?

Hi there,

Can anyone help me with regards to seeking residency please? Having bought a house in Tuscany last year and following some renovations, our plan had been to move there permanently this summer. Unfortunately, due to there being a little more work needed on the house, we've decided to hang on until next year.
As we purchased the house in Dec 2011, does anyone know whether we can extend beyond the 18 months, that we think you're able to have between buying a house and taking up permanent residency?

I'm not sure what to do with about seeking residency. We have our codice fiscale's and a bank account, and we're now paying bills - IMU etc, but this residency thing foxes me. Do i need a cunning plan?

Thank you all.
Steph
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Old Jun 11th 2012, 5:44 am
  #34  
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Default no cunning plan

You have two options:
1- take up residency in the commune where you bought your house. IT doesn't have to be in the house that you bought - you could rent a shoebox and put the residency in there. Obvously you will need to be around a bit while they come and check and so on.
2 - go to Agenzia dell'entrate and tell them you won't manage within the 18 months and get them to calculate what you owe. Pay it before the 18monthsfalls due.
There is no way of extending the deadline. If you don't pay in time there will be a sanction of 30% on the outstanding tax.
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Old Jun 11th 2012, 4:01 pm
  #35  
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Default Re: Italy Tax- to be or not to still be, UK resident ?

Stefi Patate,
I had been reluctant to post when I first saw your message as there are plenty on here more expert than I. You don't say whether your house is habitable; if it is, stay there (for your hols) and claim residence. The Vigile come once to check up but after that you are not expected to be in the house every minute.
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Old Jun 12th 2012, 5:41 am
  #36  
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Default Re: Italy Tax- to be or not to still be, UK resident ?

to be honest, getting residency in order to get the tax break really isn't worth it any more. If its a holiday home, then buy it at 10% tax and pay the IMU. By the time you have sorted out health insurance, and all the other bits and bobs that go with residency - and all the hideous bureaucracy it is better to be honest from the start and money wise it will work out quits.
Also its illegal and you will be in deep doodoo if they get you.
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Old Jun 12th 2012, 7:13 am
  #37  
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Default Re: Italy Tax- to be or not to still be, UK resident ?

Originally Posted by modicasa
to be honest, getting residency in order to get the tax break really isn't worth it any more. If its a holiday home, then buy it at 10% tax and pay the IMU. By the time you have sorted out health insurance, and all the other bits and bobs that go with residency - and all the hideous bureaucracy it is better to be honest from the start and money wise it will work out quits.
Also its illegal and you will be in deep doodoo if they get you.
2nd Modicasa. For me, it's not worth it for a holiday home. What's more, at least for Verona, it's not only residency that counts for IMU prima casa. It's also 'dimora abituale'.
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