Moving to Italy soon.
Nov 5th 2013, 11:46 am
#16
Forum Regular
Joined: Mar 2013
Posts: 57
Re: Moving to Italy soon.
Diane, we were talking about wills some time ago on this forum and came to a conclusion that it is better and cheaper to make a will in the UK and then do a holographic will here which basically is a handwritten document in Italian stating that you wish your assets to be divided as per your UK drawn will.
I have no legal expertise what so ever so I'm purely chucking those questions about...
Nov 5th 2013, 12:33 pm
#17
Concierge
Joined: Apr 2007
Location: Verona/ Nr Turin
Posts: 4,673
Re: Moving to Italy soon.
Pipistrelli, here is a summary. http://www.italymagazine.com/italy-f...d-italian-will
Nov 5th 2013, 1:47 pm
#18
Just Joined
Thread Starter
Joined: Nov 2013
Posts: 7
Re: Moving to Italy soon.
Dear All,
Seems like a mine field.
Some very thought provoking answers and more confusing questions..... I do need to read through all again and get clear in my mind. Am sure there will be plenty more questions to ask, in the meantime Thank you, will keep in touch when I have grasped the information i have already.
Diane.
Seems like a mine field.
Some very thought provoking answers and more confusing questions..... I do need to read through all again and get clear in my mind. Am sure there will be plenty more questions to ask, in the meantime Thank you, will keep in touch when I have grasped the information i have already.
Diane.
Nov 6th 2013, 1:15 pm
#19
Just Joined
Joined: Nov 2013
Posts: 2
Re: Moving to Italy soon.
A few points I want to make in regards to your tread.
Wills, you should really have a will in every country you hold assets. Getting a document written to refer to a UK will doesn't really meet the criteria needed and could cause issues.
If you have pensions and yet to take the 25%, take it before you leave otherwise once you become an Italian resident you become an Italian tax payer and the 25% is not tax free and added to your income for that year.
Currency can be an issue I advise all my clients not to use banks as the rates they offer are usually poor and you can get a better deal elsewhere.
If you require Tax or Private Wealth advice please don't hesitate in contacting me.
I work for a FCA registered financial firm.
Wills, you should really have a will in every country you hold assets. Getting a document written to refer to a UK will doesn't really meet the criteria needed and could cause issues.
If you have pensions and yet to take the 25%, take it before you leave otherwise once you become an Italian resident you become an Italian tax payer and the 25% is not tax free and added to your income for that year.
Currency can be an issue I advise all my clients not to use banks as the rates they offer are usually poor and you can get a better deal elsewhere.
If you require Tax or Private Wealth advice please don't hesitate in contacting me.
I work for a FCA registered financial firm.
Last edited by Lorna at Vicenza; Nov 6th 2013 at 3:30 pm. Reason: please don't advertise your business here.
Nov 7th 2013, 5:09 am
#20
BE Forum Addict
Joined: Dec 2009
Posts: 2,516
Re: Moving to Italy soon.
OK Diane -
You are moving to Sicily - welcome, and get ready, it won't be all plain sailing.
You can bring in 10.000 euros in cash. Each. No more. For the rest, use a currency transfer company once you have opened a bank account here. Set up the facility before you leave the UK and you can supply your new bank details (IBAN and BIC) once you have them, and the transfer is easy. Don't give money to other people who say you can use their bank.... !
Have a will in the UK and make a holographic will in Italy - that will protect you under Italian law of having your possession go under Italian succession law. I presume you are a British national. Remember that in Italy only being actually married gives you rights of succession, so cohabitees, common law partners, get nothing in the event of death.
You are moving to Sicily - welcome, and get ready, it won't be all plain sailing.
You can bring in 10.000 euros in cash. Each. No more. For the rest, use a currency transfer company once you have opened a bank account here. Set up the facility before you leave the UK and you can supply your new bank details (IBAN and BIC) once you have them, and the transfer is easy. Don't give money to other people who say you can use their bank.... !
Have a will in the UK and make a holographic will in Italy - that will protect you under Italian law of having your possession go under Italian succession law. I presume you are a British national. Remember that in Italy only being actually married gives you rights of succession, so cohabitees, common law partners, get nothing in the event of death.
Nov 7th 2013, 10:38 pm
#21
Banned
Joined: May 2010
Posts: 431
Re: Moving to Italy soon.
We brought a cat and two dogs over 7 years ago. Pet Passports are easier to get these days, as the rabies vaccination procedure is much simpler than it was then. You shouldn't have a problem. We used the tunnel, and the animals just stayed in the vehicle with us. I think on the ferries they have to be left in the vehicles while you have to leave the vehicle.
GET a muzzle though if your dog barks unmuzzled you are in trouble if someone complains
Nov 8th 2013, 6:18 am
#22
BE Enthusiast
Joined: May 2007
Posts: 784
Re: Moving to Italy soon.
I was talking about the channel ferries. I guess the trip from Genova to Palermo is a much longer one.
Feb 12th 2014, 3:58 pm
#23
Just Joined
Joined: Nov 2013
Posts: 6
Re: Moving to Italy soon.
Hello everyone. Following on from Diane's post, we are hoping to complete on an apartment near Lake Maggiore pretty soon. We will be splitting our time between UK and Italy (I am retired, so not seeking work)
Think we are okay on all the legal stuff for the purchase, but wondered if you had any top tips, things you wished you'd known, or things you are glad you knew in connection with what you need to do or avoid once you move in? Many thanks.
Think we are okay on all the legal stuff for the purchase, but wondered if you had any top tips, things you wished you'd known, or things you are glad you knew in connection with what you need to do or avoid once you move in? Many thanks.
