A recent judgement of the Italian Supreme Court published in February 2018 is the epilogue of a sad story of the Italian couple, who delayed the completion of their property acquisition, only to see their property being taken away from them and purchase price they had paid lost in the whirlwind of their vendor`s insolvency. [...]
Buying or selling Italian residential properties frequently involves the assistance of local Italian estate agents. It is important to establish the right relationship from the very beginning, crucially before any document is signed and any money is paid. It is also important to realise that Italian estate agency law is very different from the English [...]
Frequently, the foreign property buyer of an Italian residential property is presented, in the confusion of the completion of his Italian acquisition, in the notary`s office and with garbled explanations, with the question: do you wish to pay Italian Registration Tax (Imposta di Registro) at the full 9% rate, or would you rather prefer to [...]
It has taken more than three and a half years. A law was passed in Italy at the end of 2013, allowing Italian notaries to receive the purchase price of Italian properties and to keep these funds until the actual registration of the sale (trascrizione della vendita) had been successfully completed. The Italian notary would [...]
Tourism has always been a major source of income in Italy. Once upon a time, tourists arrived in Italy and stayed in hotels, sometimes they would rent a holiday cottage for a few months. Over the years the Italian tax system had adapted to this form of tourism. The advent of the internet and, more [...]
Farm buildings (Fabbricati rurali) are normally registered in the Countryside Land Registry (Catasto Terreni) and are usually not subject to tax in Italy. These buildings are supposed to be the farmer`s house, where the owner is registered as a professional farmer (Rurali abitativi) or premises used for effective farming such as greenhouses (Serre) small farm [...]
Civil partnerships (Unioni Civili ) were formally recognised and regulated in Italy with Law No. 76 of 2016, following two rulings of the Italian Constitutional Court (No. 138/2010 and No. 170/2014) and a Judgment of the European Court of Human Rights (2015). However, it took several months before this legislation was fully implemented with three [...]
“BILANCIO 2017”: the new rules on Italian non-doms, special visa and the(almost) self-financing property improvements.
Shortly before Christmas 2016 and notwithstanding the political crisis, the new Italian budget (“Bilancio 2017”) was passed by the Italian Parliament in record time. It introduces a few opportunities for non-residents. Italian non-doms - Special rules are introduced for wealthy individuals who take up residence in Italy. By making a special application (“Interpello”) to [...]
Basement excavations and loss of entitlement to parking spaces, the new frontiers in Italian condominium litigation.
“Condominii ” (condominiums) are a copious source of litigation in Italy. Several people / families living close together in blocks of flats are a continuous source of stress and disputes. Even the 2012 reform of Italian condominium legislation and the 2013 special mediation procedure introduced as a compulsory preliminary to any condominium litigation, cannot stem [...]
Traditionally, there are only set, limited ways of dealing with property, under Italian law. Property rights and contracts are restricted by law to what is expressly regulated by and available under current legislation. Until recently, an Italian property could only basically be sold, let or inherited. New forms of property contracts were introduced last year [...]