For several years now, Italian income tax legislation has allowed a tax credit as a deduction from the taxable income for energy efficient expenses incurred in maintaining, restoring and improving Italian properties (Detrazione delle spese [...]
Notwithstanding some relatively recent legislation, trusts have still a difficult life in Italy. From a tax point of view, there has been an ongoing conflict between the Italian Revenue and trustees / their professional advisers [...]
When is a property purchase void, because of a breach of planning regulations? The Italian Supreme Court draws the line.
A specially constituted Italian Supreme Court has recently issued an important ruling which establishes when a breach of planning regulations invalidates a purported sale of Italian property. This is the most extreme penalty for a [...]
Recent official statistics point to continuing, slow improvement of the Italian property market. On 21.11.2018 Banca d` Italia (the Italian central bank) published a business survey (Sondaggio congiunturale sul mercato delle abitazioni in Italia) of [...]
Because the Italian property market has been stationary for some time now, owners of Italian properties sometimes look for alternative ways of releasing some equity from their properties without actually selling them. The pros of these [...]
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 [...]