🔗 Here's the link for finding the population of Italian towns and villages → esploradati.istat.it/databrowser/#/it When you find a house you like in one of the 8 regions that have the 7% tax, check to make sure they are under 20,000 population!
Something else to remember...if you buy a house/flat/etc in Italy, you better make sure it screams resale. Because if it doesn't you will NEVER be able to sell it if you want to, there are so many properties in Italy for sale that are not really that good...the ones that can easily be resold are more like 300K and above...but that's still much less than homes in the USA....and Italian rennovation is not really an option....it could take you a long time to rennovate something--a very long time.
thanks for the info... that place in Puglia was incredible. All I was thinking while you were describing the apartment was that place is probably gone already. there is no way that thing is available. what a beautiful apartment
Good afternoon Tommy thank you for having all these videos. My family lives in Lazio. I just retired from law enforcement and live with retired hubby in key west, florida, We hope to move to italy next year as the US is too expensive as far as taxes and insurance, etc.
Bonjourno, Tommy! Thank you for the informative videos. We are now considering moving to Italy with the Elective Retirement Visa (ERV). The 7% towns look good for our needs: bring a paintbrush, hammer, and trowel. Since the Portland condo market is down, we will rent our condo and visit the country in the spring. Grazie! Dean & Cindy *Update: Italy looks too hilly for us; we are back in France.
One point of clarification. To qualify for this income tax incentive, you must receive some sort of retirement pension to qualify. If you meet that requirement, your other forms of income would also be taxed only at the flat rate. This means that you can also have a job and receive income from it that is only taxed at 7%, provided you're getting those pension payments, and your job income is foreign-sourced. Having a job does not disqualify you from the program.The things that disqualify you are: 1. Not having some sort of pension; 2. Locating to a town that does not qualify; and/or 3. Having been a legal tax resident of Italy at any time within the past 5 years. What's also interesting is that if you're've spent a couple or few months in Italy regularly for the past 5 years or any length of time, really, but never stayed past the 180 day mark and never became a tax resident, then you could still decide to now spend more time in Italy, become a tax resident, locate to a qualifying town, and be eligible for the incentive.
@skranz7790, I have not seen info saying that you can still work under the 7% regime as long as you are also drawing on a qualifying pension. Do you have a source for that?
Everything I've seen says specifically all income must be passive. You CANNOT get income from working. • Social Security • pensions • investment returns • dividends • rental income I'm not an immigration attorney, but if you have some sort of employment income, you'd want to verify that it's okay first. I don't think it is. Passive owner income from a business may work, but don't quote me on that!
@@RetireToEurope I'm 100% certain that you can shield foreign sourced business income under the 7% tax regime. RUclips won't allow me to post a link here. But, you can search the information provided by the Italian tax firm Studio Legale Metta located in Bari, Italy, that stipulates all the different types of income that are shielded by the program as long as those are in conjunctiom with some sort of regular prnsion income as well. In actual fact there are also other Italian tax programs that will even allow you to have a job in Italy and shield 70% of that income from taxation. Though you cannot elect to use both tax incentives at the same time.
Amazing properties! My dream of moving to a small town in Italy!! Retirement is only a few years away and definitely contemplating this move. I'd like something more rural though.
Think about where you want to live as you age: rural areas may not be good options if you get to a point where you cannot or would prefer not to drive.
My concerns are always the hospitals in Sicily I'm from the south east coast and the best hospital is like 2 hours away and if you need something more specific like heart or needs more care you need to go up north like Milano or Rome so crazy its happened to my family in Pozzallo. Antonio
To be clear, I still live in the U.S. But from research I can tell you the north of Italy has 4 seasons. The Apennine mountains that run the length of the country will get snow. Down to at least Molise. If you have a specific spot in mind you can find average temps and rainfall online.
I agree with you regarding knowing the language outside of major Italian cities. For instance, I found that in Pisa, outside of the Leaning Tower, very few people spoke English. Fortunately, my knowledge of French helped me comprehend enough Italian to get by.
Thanks for the informative video. I just stumbled upon your channel, and found your info educational. I've been on the internet doing research and the 7% tax towns is where I'll be searching. Any thing that comes up in those regions please keep me informed 🙏.
Thanks for watching! Yes, I'd recommend visiting to check out the area before commiting to a house. Unless you've been there before and know it's right for your lifestyle.
I've always seen different things online about the 7 percent tax rate and whether that applies to a pension. The pension is taxed in the United States where I'm from and some say you would also be taxed again in Italy. Others say your pension would not be because of no double taxation. So I never really get any clarity about it.
Hi Tommy, Thank you very much for your interesting contributions that help people find places to retire. I am about to retire and thinking to move over Italy, only I am not sure that since I am a widower without children it would be safe for me to make the move. I would love to learn Italian and have the opportunity to just go up and above while living in Italy, South of France or North of Spain. I am in the "search".
Depending on where you are, there are lots of American and British expats in all 3 countries. Just like in any country there are spots that tend to have more crime. But in general these are all very safe countries in which to live.
Health care varies drastically by region in Italy. I leave in Tuscany and the health care is excellent, however, that's not the case everywhere. Just a heads up to consider
This is a great video. I love the overview of the qualifying regions. Could you make a video explaining the difference between them? I'd like to know about the climate, quality of healthcare, rate of expansion/contraction, etc. to help us narrow down our search.
Yes all right what you say but you also check the - zona sismica - the earthquake risk of the zone - abruzzo is in many places like L‘Aquila in the zone 1 of high risk - there are zone 1-4 from highest to lowest - make sure to check before you buy - there is always a reason for being very cheap - the best region in that respect is the salento region of south puglia.
Yes, this is something you can check on. But don't be nervous. You're WAY more likely to die driving to your property than in an earthquake. And driving deaths are WAY less in Italy than the US too. Very rare.
Across from Apulia is Albania not Greece. The city you were pointing at is Vlore which has ferries to Bari as does Durres, Albania. Americans can stay in Albania for up to one year on a tourist Visa in Albania.
It's in a database that the Italian gov't updates each Spring. esploradati.istat.it/databrowser/#/it/dw/categories/IT1,POP,1.0/POP_POPULATION/DCIS_POPRES1/IT1,22_289_DF_DCIS_POPRES1_24,1.0 The table is broken down by Region ↳ Province ↳ Town/municipality Good hunting!
Also know that the 7% tax you pay on your US income, you can DEDUCT that amount from the total of your Fed income tax bill. So, generally, you will divide your annual tax bill between 2 countries, but pay no more that you normally would just living in the USA. Make SURE to establish residence in a tax-free US state before doing any of this, so your state will never come asking for state income tax--because they will. If you have TAX-FREE income in the USA (say municipal bonds or muni bond funds), it will be included in the income that is subject to Italian tax because Italy says if its passive and puts money in your pocket, its subject to Italian tax (unlike the USA on that). Greece has the same program, EXCEPT it applies to the entire country with no population restrictions, and is good for 15 years. The EU doesn't like any of this, because they don't want people with money moving to EU member states and saving money on taxes--that threatens the EU system of socialism. That's why a similar program in Portugal was recently discontinued--the socialist Portugal president caved in to the EU paymasters....
Some states in US have 0% taxes on retirement income. However some other taxes in that state maybe high on side like property tax and taxes on food or products. Some states I wouldn't be interested in living or retiring in, say Iowa doesn't tax retirement income, but it maybe in middle of a corn field and nearest town to shop or medical facilities is 2hrs away . My state also doesn't tax retirement income but very expensive with everything else, so it's a balance
You are talking about state income tax. There are several states in the that do not have state income tax, FL being one of them. What Tommy’s video suggests is that Italy’s federal income tax is only 7%. That’s totally different. In the US you are taxed on active and passive income if it’s above a certain amount. If you’re only living on SS then you’re fine in the US, but if you make $100K per year in passive income then I believe you are taxed at that specific tax bracket for short term capital gains, dividends, or rental income. I’m not retired and I’m not sure of all retired taxation, but I do have investment property income that I get taxed on now as earned income since I work full time. I’m not sure how the US would tax citizens that decide to claim residency in Italy. Obviously your passive income would be from SS, pension, and investments in the US, so you may get taxed by both the US and the 7% in Italy. I’m not an accountant, so I’m not sure.
@@jmobing3972 The 7% income tax in Italy is a break off their nomal rates, which run from 23%-43%. So it's a significant savings if you're moving to Italy already. The tax you pay in Italy you get a tax credit for in the US, and vice versa. So you're not double taxed. But as a citizen of the US you still have to file and pay anything owed in the US.
It's the US Healthcare costs that will bankrupt you in retirement. It'd ridiculous to feel you need to leave your country because of crime and the sick care system. But hey, it's Italy! Could be fun 😊
Healthcare is one of the main reasons Americans become expat retirees. Not just Italy, but all over. It's embarrassing that the wealthiest nation on Earth has such a poor healthcare/insurance system. I'll be making a video about this also...🎥
Very informative video. We lived in Provence for 4 years and loved the slower pace, but we ultimately moved back to the US as we were not ready to settle and retire (and the French taxes are not nearly as favorable as these!). Is there more information on how much passive income is required (ie, $50k per year, etc.), and is there a minimum account balance you need to keep in an Italian bank account? One thing I will say from my French experience is that it can be tricky to find a good foreign tax person who knows all the country's tax laws, and can do business in English. Lastly, if you still have ties to the US, it would be wise to understand your US tax liability in addition to the 7% in Italy. Again, a good accountant with knowledge of expat tax law in the country you are moving to is critical.
The income minimum for 2023 is €32,000 for one person and €38,000 for a couple. Yes, it’s critical to get your expat taxes calculated and filed correctly.
Would it be possible, with the help of a tax accounting service, to check with the Italian tax office, if the candidate qualifies for the 7%tax plan ? So as to know if settling there makes sense. Thanks for your very good video again!
I keep reading “you have to receive a pension” everywhere. So what is it? Can I use this if I am not retired, but I have a passive income (dividends) from a US website? Or it’s exclusively for retirees? Thanks!
I’m not an immigration lawyer, but my understanding is that you have to have “passive income” from outside Italy. • Social Security • investment income • rental income • pension But there’s no box to check that says “Are you retired?” I know of folks who retired early on passive income without a true pension. Italy just wants to know you’re self-sufficient and can bring money in to be spent locally.
Regarding the 7% tax to Italy if living in Southern Italy's approved regions: Where is the health care located? What if we need to assisted living care? Is there any if we are widowed?What is the property taxes on these places? You don't say. Do these places have electricity? Is there anyone who speaks English in the region to help us find a property?
Great questions. First, there are medical facilities and hospitals spread around Italy. Italy has more doctors per capital than the U.S. Assisted living is not as popular in Italy, as family members typically take care of aging parents/grandparents. But I haven't looked into this much. There are zero property taxes if it's a primary residence. If not, it depends on the region and size/type of home. I'd budget 1-2%? Yes, virtually all homes have (or have access to) electricity. Even though southern Italy is mostly rural, Italy is quite modern. Many real estate agents speak some English. And there are interpreters you can hire if needed. Thanks for watching!
I don't know if you can answer this, but here is a question. I am a dual citizen of Canada and an EU country, so I could buy a property in Italy no problem. I fit all the rules for the 7% tax. The Canadian government tells me if I move to Italy, I will have to pay a flat 25% non-resident income tax on my Canadian pension incomes. Would I then only have to pay 7% for Italian income tax? Or is there a tax treaty that would allow me to pay nothing to the Italian government, since the 25% Canadian tax is more than the 7% Italian tax? Any info would be very helpful, thanks.
I’ll have to do more research, but Italy and Canada definitely have a tax treaty. Read the section on “Pensions” here: www.canada.ca/en/department-finance/programs/tax-policy/tax-treaties/country/italy-convention-consolidated-1977-1989.html
So I couldn’t understand if Eu citizens can do the 7% flat tax. I guess that question is the same as yours. So regardless of “country of origin” can EU citizens (2nd passport) do the 7% scheme? ❤️🇮🇹🍕
@@KaterinaFerrara Yes, my understanding is that the only requirements are: non-resident of Italy for previous 5 yrs, pensions must be from a foreign country (not Italy). And, of course, these 8 regions and a town under 20k population.
Beautiful properties. Always check the tax treaty on taxation. Taxation rate doesn’t depend on your nationality but on the total income, the type of income, the origin of the income and what the tax treaty between italy and youre country stipulates about it.
QUESTIONS: Can I rent instead of Buying property? At least in the beginning I would want to rent. As far as passive income (pension/ss) What is the minimum amount required? Also after a certain amount of time... Does my US tax liabilty go away? Is there a tax treaty with the US that prevents double taxation? Can you send me the data base of towns that qualify for this 7% flat tax? THANK YOU!
Good questions! 1- Yes you can rent 2- Minimum income is €32,000 per year, divided in months 3- US tax liability only goes away if you renounce your citizenship (which costs money)
@@ellmiller2013 Firearms laws in Italy are very strict. You need to apply for a firearms license before moving to Italy. All firearms must be registered and licenses renewed on a regular basis. I would encourage you to NOT take your guns to Italy.
@@ellmiller2013 Probably a good idea. Europeans don't want Americans bringing their gun culture to Europe. They think it's crazy that we can just go buy guns at a "gun store". Which it is.
Hi Tommy: Please send me the list of areas providing 7% Italian income tax. Also....do you know what is the benchmark minimum passive income is required to obtain residency as an Expat retiree? LUV YOUR VIDEOS !!!
The Elective Residency Visa income requirement is €32,000 per year for a single person. €38,000 for a couple. The 8 regions for 7% tax are: Abruzzo Molise Puglia Basilicata Campania Calabria Sicily Sardinia Then a couple dozen individual towns in Lazio, Umbria, and Marche.
@@RetireToEuropeThanks for the informative video! and you get right to the point; no beating around the bush. You just mentioned some towns in Lazio, Umbria and Marche. I love Urbino, and was there for a summer. How can i find a list of these towns more central and north? I am just starting a possible search; have been to Italy many times. Many thanks.
@@josettepiacenti1165 The towns are listed in this tax law: www.gazzettaufficiale.it/eli/id/2016/10/18/16G00205/sg Scroll down the left side to "Allegato 1". You'll see the individual towns listed there.
I’m not a tax professional, but my understanding is things like: • pension income • Social Security • rental income (from outside Italy) • investment income • dividends • passive business income There may be more than that. Thanks for the question!
It’s probably fuzzy. Obviously if you’re doing work inside of Italy, that won’t work. But if you have a website making money in the US, that can be justified as passive income. A good accountant will know how to approach it.
very informative and insightful! question, am i correct in assuming that if choose one of the 8 regions offering the 7% flat tax, any city with population less than 20,000 would qualify? or does it have to be certain identified cities within each of the 8 regions? also, does the 7% flat tax (national), also diminish in like the municipal and regional income taxes?
My father's family came from Seren del Grappa in the Belluno Province north of Venice - I would be interested if one of the 7% flat tax areas include anything around there?
I live 40 minutes (by car) from Milan, in a small town called Robbio, which has fast internet in 5G and a train station to go everywhere. I have two farmacies, two supermarkets, a post office and 4 banks in a radius of 1km, and I paid my house 35.000$, renewed. A 80m2 with two bedrooms, a big sitting room, a living kitchen, a big bathroom, a porch, a car box and a 18m2 cellar. I'm not saying to drop agencies like Realestate, but if you check the internal italian selling site/agencies you could find good deals. I don't even have a car, I reach Milan in 1 hour and 5 minutes by train, with a 5 euro ticket, if I need to go to a big city.
This was incredibly helpful. Thank you so much. I am interested in Abruzzo, Sardinia and Sicily. I have a teacher's pension and a rental home in Portland, OR. I should qualify for the 7% income. I will be visiting southern Italy in May of 2025. I have a friend in Rome who will hopefully be able to drive with me to the east coast. I would like to check out the Abruzzo region first. Do you recommend renting an apartment near the region one is most interested in before buying property to make sure you like it enough to live there?
It means whatever your taxable income is, you'd pay 7% in tax. As opposed to Italy's normal progressive tax brackets, which start at 23%. I hope that helps!
Here's the listing with the agent's information to contact: www.gate-away.com/properties/campania/caserta/san-pietro-infine/id/628129 Thanks for watching!
Looking for estate is the worst from advertisments. Most effective way is to go in area you like. Do a investigation. Get know everything. Then choose the best location. And then find house is not for sale but seems to be. Find owners. Convince them. Buy it. Die happy...ps. greets from Poland, a land of smart people.
Can you tell me what the income level is per year to qualify ? I love the last house that you showed and would be extremely interested. Is it 7% taxes on your annual income and how are the utility cost for one person per month approximately ? How many taxes are there, what are the amounys of property tax and any other taxes ? Italy is my heart, I love Florence. I am retired and I am somewhat elderly. I want to live and die in Italy. I would be grateful for any information you can give me. Thank you
There a lot of information, but the short answer is: • Italy taxes on your worldwide income • You would still file in the US (if American) and get a tax credit for what you paid in Italy • There are taxes when buying a property (like 4% or 9% depending on residency status) • If the house is your primary residence, you pay ZERO property tax Subscribe to the newsletter for more info as I make it available: traveltirement.com
Correct me if i'm wrong but I understand in order to own property in italy. Thank you i'm very interested in buying property possibly the end of the year. I'm a widow and I am in the process of selling my home in texas.
To buy property in Italy you do not need to be a citizen or a tax resident. But to stay more than 90 days at a time, or to retire there, you have to apply for a long stay visa.
I keep getting those these mixed up. Should I contact the Italian consulate in houston texas before I leave and get that extra visa? ?? I asked that because I'm selling my house and I'm praying that it sells before I leave for Italy. If so, i'd wanna stay longer.
You mention in the video having a list of all the qualifying municipalities in these regions for the 7% tax rate. Could you please share that with me? TIA
Hi , what would be the income requirement should I retire to italy after living most of my life in Canada , I hold a italian passport and was born in italy also but never resided in italy ever? I would appreciate your input thank you
For the Elective Residency Visa, the minimum passive income requirement is €31,000 (or €38,000 for a couple). Please note that the Italian consulate in your home country may have discretion on this amount. It's not that you automatically qualify with this amount of passive income. That income can be from: pensions (public or private), Social Security, investment returns, dividends, interest, rental income, etc. It just can't be money sitting in a bank that you spend down. I hope that helps!
@@larino66 No, sorry. If you have citizenship you just need to register as a tax resident in the local comune. You may not need a certain income as a citizen. I just don't know much about the citizenship situation!
The database is structured by • North Italy vs South Italy • Regions • Provinces • Comuni (towns) ← This has to be under 20k Here's the link: esploradati.istat.it/databrowser/#/it/dw/categories/IT1,POP,1.0/POP_POPULATION/DCIS_POPRES1/IT1,22_289_DF_DCIS_POPRES1_24,1.0
So my understanding is that certain countries have a no double tax agreement with Italy for example my country of Canada. So I assumed my CPP wouldn’t be taxed anyway since Canada already taxes it. Can someone confirm this?
If you’re a tax resident of Italy, you file and pay your taxes there. Then when you file in Canada you get a tax credit for what you paid in Italy. FYI I’m not a tax professional 👍
Hello . Very usefull video. Thx. I am from România and I would like to Invest în a house în italy. I dont need something big and expensive from the bigining but I dont know what to do to purchese a house. If you can help I would be gratefull. Thx
I would say yes. You just need to demonstrate you can produce income without working. The Italian gov't think in terms of "pensions", so you need to frame any income(s) in that way. Doesn't need to be a true pension though. I hope that helps!
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🔗 Here's the link for finding the population of Italian towns and villages → esploradati.istat.it/databrowser/#/it
When you find a house you like in one of the 8 regions that have the 7% tax, check to make sure they are under 20,000 population!
you have to corelate with the net income of the regions.
@@ciclurieconomice8494 I'm not sure I understand. Can you clarify? Thanks.
fantastic Italian government website to track demographics and population !!
Because my relatives live there.
@stasstas8872 Fixed it. Thanks for letting me know!
I love this type of video. The fact that you show an actual property in each section is marvelous! Thank you!
Glad you enjoyed it!
Lecce is known as the Florence of the south . I love that home in Soleto , a Bargain . Thanks for posting the links to the properties . very useful .
You’re welcome!
Tommy, you're awesome. Thanks for putting all this info together. SO helpful.
Thanks for saying that! Watch for more detailed videos like this one... 😎
Great video and great info! We've taken advantage of this, having moved to Campania region. We love it!
Thanks for watching!
What is the cost of living like for you?
maybe he could interview you?
Great video. Italy is on our potential list of long term retirement locations. Thanks for the info.
Any time!
Thank you for the info! Campania is one of my favorite regions. We spent part of our honeymoon traveling along the Amalfi Coast. Grazie mille.
Thanks for watching. I’m sure you had a good trip!
Something else to remember...if you buy a house/flat/etc in Italy, you better make sure it screams resale. Because if it doesn't you will NEVER be able to sell it if you want to, there are so many properties in Italy for sale that are not really that good...the ones that can easily be resold are more like 300K and above...but that's still much less than homes in the USA....and Italian rennovation is not really an option....it could take you a long time to rennovate something--a very long time.
Thanks for your comment
thanks for the info... that place in Puglia was incredible. All I was thinking while you were describing the apartment was that place is probably gone already. there is no way that thing is available. what a beautiful apartment
Yes, I was blown away. There are a lot of places like that in a similar price range. Crazy!
RUclipsrs are pushing up the prices, it seems
This was an incredibly insightful and informative video. And the properties you found in each area are gems! Please make more!
Thank you! Will do!
Yes that's a nice view I like mountains and streams
Me too. Nothing better to me than a deck/terrace/patio with a view of mountains. Especially when you can watch the sunset!
Thank you for sharing all of your knowledge. I so want to move there, permanently. I hope very soon.
Thanks for watching!
I'm not an American retiree, but your video is just nice with useful description of the real estate situation in the areas you described.
Thanks for that!
Cheers from Kyiv, Ukraine
@@sydiuk 😄
Good afternoon Tommy thank you for having all these videos. My family lives in Lazio. I just retired from law enforcement and live with retired hubby in key west, florida, We hope to move to italy next year as the US is too expensive as far as taxes and insurance, etc.
😁
Bonjourno, Tommy! Thank you for the informative videos. We are now considering moving to Italy with the Elective Retirement Visa (ERV). The 7% towns look good for our needs: bring a paintbrush, hammer, and trowel. Since the Portland condo market is down, we will rent our condo and visit the country in the spring. Grazie! Dean & Cindy
*Update: Italy looks too hilly for us; we are back in France.
Sounds great!
One point of clarification. To qualify for this income tax incentive, you must receive some sort of retirement pension to qualify. If you meet that requirement, your other forms of income would also be taxed only at the flat rate. This means that you can also have a job and receive income from it that is only taxed at 7%, provided you're getting those pension payments, and your job income is foreign-sourced. Having a job does not disqualify you from the program.The things that disqualify you are: 1. Not having some sort of pension; 2. Locating to a town that does not qualify; and/or 3. Having been a legal tax resident of Italy at any time within the past 5 years.
What's also interesting is that if you're've spent a couple or few months in Italy regularly for the past 5 years or any length of time, really, but never stayed past the 180 day mark and never became a tax resident, then you could still decide to now spend more time in Italy, become a tax resident, locate to a qualifying town, and be eligible for the incentive.
@skranz7790, I have not seen info saying that you can still work under the 7% regime as long as you are also drawing on a qualifying pension. Do you have a source for that?
Everything I've seen says specifically all income must be passive. You CANNOT get income from working.
• Social Security
• pensions
• investment returns
• dividends
• rental income
I'm not an immigration attorney, but if you have some sort of employment income, you'd want to verify that it's okay first. I don't think it is.
Passive owner income from a business may work, but don't quote me on that!
@@RetireToEurope I'm 100% certain that you can shield foreign sourced business income under the 7% tax regime. RUclips won't allow me to post a link here. But, you can search the information provided by the Italian tax firm Studio Legale Metta located in Bari, Italy, that stipulates all the different types of income that are shielded by the program as long as those are in conjunctiom with some sort of regular prnsion income as well.
In actual fact there are also other Italian tax programs that will even allow you to have a job in Italy and shield 70% of that income from taxation. Though you cannot elect to use both tax incentives at the same time.
@@thurianknight Yes. Check out the Italian tax firm Studio Legale Metta located in Bari Italy.
@TommySikes My pleasure.
Another very informative video. Thank you for sharing details on the 7% tax. Yes - we would LOVE to see more videos like this. Grazie mille!
Thanks for the vote! 😀
Great video
Glad you enjoyed it 🙏😁
Good intel!!
Thanks buddy! 🙏😁
Amazing properties! My dream of moving to a small town in Italy!! Retirement is only a few years away and definitely contemplating this move. I'd like something more rural though.
I’m a fan of the countryside and mountains myself!
Same here
Think about where you want to live as you age: rural areas may not be good options if you get to a point where you cannot or would prefer not to drive.
My concerns are always the hospitals in Sicily I'm from the south east coast and the best hospital is like 2 hours away and if you need something more specific like heart or needs more care you need to go up north like Milano or Rome so crazy its happened to my family in Pozzallo. Antonio
Always important to have a hospital fairly close. Thanks for watching!
Thanks for this very helpful information. I hope to move to Italy soon. This will help narrow down my options 😊
Thanks for watching!
Puglia vaulted ceiling is truly amazing!
I agree!
Paglia and Abruzzo are my favorite ones. Thank you!
They are two of my favorites also. Thanks for watching!
Love it!!! Thanks!
Thanks for watching!😎
great video, man! very informative.
Glad you liked it! Thanks for watching.
Awesome!
Thanks Marco!
I hope you having a great day I always loved your great information thanks for taking your time and share information with us
Thanks for saying that! I appreciate your watching.
Love the last property you showed. Thanks
Hard to beat those views! 🤩
Thank you for the great info
You bet! Thanks for watching.
Very helpful thanks
Thanks for watching!
We love your videos on different budgets and locations, we are retiring soon and would love Italy. What’s the weather like over there?
To be clear, I still live in the U.S.
But from research I can tell you the north of Italy has 4 seasons. The Apennine mountains that run the length of the country will get snow. Down to at least Molise.
If you have a specific spot in mind you can find average temps and rainfall online.
Should also check the seismic zone and if there's a train station that serves the village. You really should be fluent too, if you want to assimilate.
Great ideas. Agree you should learn some language basics.
And you’ll become fluent the more time you spend there!
I agree with you regarding knowing the language outside of major Italian cities. For instance, I found that in Pisa, outside of the Leaning Tower, very few people spoke English. Fortunately, my knowledge of French helped me comprehend enough Italian to get by.
Beautiful properties
Thanks for watching!
Wow! Very informative video. Thank you 😀🙏👏
Glad it was helpful!
Thanks for the informative video. I just stumbled upon your channel, and found your info educational. I've been on the internet doing research and the 7% tax towns is where I'll be searching. Any thing that comes up in those regions please keep me informed 🙏.
Will do! Lots more 7% flat tax content coming!
It's lovely but I need to visit ,which I will soon visit I love the region .Thanks.
Thanks for watching! Yes, I'd recommend visiting to check out the area before commiting to a house.
Unless you've been there before and know it's right for your lifestyle.
Great vid Tommy, i love the relevant details around tax n stuff. Top draw. I currently receive your emails
Awesome, thank you!
I've always seen different things online about the 7 percent tax rate and whether that applies to a pension. The pension is taxed in the United States where I'm from and some say you would also be taxed again in Italy. Others say your pension would not be because of no double taxation. So I never really get any clarity about it.
I know for the US, if it is taxed in Italy, you get a tax credit on your US return.
So at least no double taxation on a part.
I'd like to see more coastal properties if you can find them? Also what are your favorite sites for exploring real estate and rental props. Thank you~
I always start with Gate-Away.com. www.immobiliare.it/ too for rentals.
Hi Tommy, Thank you very much for your interesting contributions that help people find places to retire. I am about to retire and thinking to move over Italy, only I am not sure that since I am a widower without children it would be safe for me to make the move. I would love to learn Italian and have the opportunity to just go up and above while living in Italy, South of France or North of Spain. I am in the "search".
Depending on where you are, there are lots of American and British expats in all 3 countries.
Just like in any country there are spots that tend to have more crime. But in general these are all very safe countries in which to live.
Very well explained, my dream in 13 years. Thank you for wonderful content 👍👍👍 what is the tax percentage for non regions houses just wondering.
The regular income tax in Italy is progressive, starting at 23% (up to €28,000), then 35% (€28,001-50,000), and the top rate is 43% (over €50,000).
Thanks...
You're welcome!
This looks great. I’ll be buying in mid 2025 and would love to see more of these up to €120. Greetings from Australia.
Thanks for watching and the kind words!
Your research and information are appreciated 🎉THANK YOU 🎉
I LIKE😂
So nice of you 🙏
Health care varies drastically by region in Italy. I leave in Tuscany and the health care is excellent, however, that's not the case everywhere. Just a heads up to consider
Thanks. I have heard that. I know there are good medical facilities all over, but important to check about your closest hospital.
😁
This is a great video. I love the overview of the qualifying regions. Could you make a video explaining the difference between them? I'd like to know about the climate, quality of healthcare, rate of expansion/contraction, etc. to help us narrow down our search.
Thanks for watching and thanks for the video idea!
I'll add it to my list 📝😁
A great idea you asked about quality of healthcare, xx
Yes all right what you say but you also check the - zona sismica - the earthquake risk of the zone - abruzzo is in many places like L‘Aquila in the zone 1 of high risk - there are zone 1-4 from highest to lowest - make sure to check before you buy - there is always a reason for being very cheap - the best region in that respect is the salento region of south puglia.
Yes, this is something you can check on. But don't be nervous.
You're WAY more likely to die driving to your property than in an earthquake.
And driving deaths are WAY less in Italy than the US too. Very rare.
@@RetireToEurope nevertheless people should consider to have a real estate insurance including floating and earthquake
@@robertoposa1120 Absolutely agree there Roberto!
Thanks for the information. Can you please provide me the database for various properties throughout Italy?
Thank you.
I start with Gate-Away.com to do property searches.
Across from Apulia is Albania not Greece. The city you were pointing at is Vlore which has ferries to Bari as does Durres, Albania. Americans can stay in Albania for up to one year on a tourist Visa in Albania.
Thanks for clarifying!
Abruzzo is beautiful and I know it well having my grandparents' house
Wonderful! Thanks for watching.
Are we related?! Is it in L'aquila?
Yes, I want to move to Italy. I sub'd :). I love love love these kinds of videos.
I think you should do it! 😎
Please share the list of towns with the 7 percent tax rate. Thank you.
It's in a database that the Italian gov't updates each Spring.
esploradati.istat.it/databrowser/#/it/dw/categories/IT1,POP,1.0/POP_POPULATION/DCIS_POPRES1/IT1,22_289_DF_DCIS_POPRES1_24,1.0
The table is broken down by
Region
↳ Province
↳ Town/municipality
Good hunting!
Also know that the 7% tax you pay on your US income, you can DEDUCT that amount from the total of your Fed income tax bill. So, generally, you will divide your annual tax bill between 2 countries, but pay no more that you normally would just living in the USA. Make SURE to establish residence in a tax-free US state before doing any of this, so your state will never come asking for state income tax--because they will. If you have TAX-FREE income in the USA (say municipal bonds or muni bond funds), it will be included in the income that is subject to Italian tax because Italy says if its passive and puts money in your pocket, its subject to Italian tax (unlike the USA on that). Greece has the same program, EXCEPT it applies to the entire country with no population restrictions, and is good for 15 years. The EU doesn't like any of this, because they don't want people with money moving to EU member states and saving money on taxes--that threatens the EU system of socialism. That's why a similar program in Portugal was recently discontinued--the socialist Portugal president caved in to the EU paymasters....
Thanks for watching 😎
Some states in US have 0% taxes on retirement income. However some other taxes in that state maybe high on side like property tax and taxes on food or products. Some states I wouldn't be interested in living or retiring in, say Iowa doesn't tax retirement income, but it maybe in middle of a corn field and nearest town to shop or medical facilities is 2hrs away . My state also doesn't tax retirement income but very expensive with everything else, so it's a balance
Thanks for watching and commenting!
You are talking about state income tax. There are several states in the that do not have state income tax, FL being one of them. What Tommy’s video suggests is that Italy’s federal income tax is only 7%. That’s totally different. In the US you are taxed on active and passive income if it’s above a certain amount. If you’re only living on SS then you’re fine in the US, but if you make $100K per year in passive income then I believe you are taxed at that specific tax bracket for short term capital gains, dividends, or rental income. I’m not retired and I’m not sure of all retired taxation, but I do have investment property income that I get taxed on now as earned income since I work full time. I’m not sure how the US would tax citizens that decide to claim residency in Italy. Obviously your passive income would be from SS, pension, and investments in the US, so you may get taxed by both the US and the 7% in Italy. I’m not an accountant, so I’m not sure.
@@jmobing3972 The 7% income tax in Italy is a break off their nomal rates, which run from 23%-43%.
So it's a significant savings if you're moving to Italy already.
The tax you pay in Italy you get a tax credit for in the US, and vice versa.
So you're not double taxed.
But as a citizen of the US you still have to file and pay anything owed in the US.
It's the US Healthcare costs that will bankrupt you in retirement. It'd ridiculous to feel you need to leave your country because of crime and the sick care system. But hey, it's Italy! Could be fun 😊
Healthcare is one of the main reasons Americans become expat retirees. Not just Italy, but all over.
It's embarrassing that the wealthiest nation on Earth has such a poor healthcare/insurance system.
I'll be making a video about this also...🎥
Very informative video. We lived in Provence for 4 years and loved the slower pace, but we ultimately moved back to the US as we were not ready to settle and retire (and the French taxes are not nearly as favorable as these!). Is there more information on how much passive income is required (ie, $50k per year, etc.), and is there a minimum account balance you need to keep in an Italian bank account? One thing I will say from my French experience is that it can be tricky to find a good foreign tax person who knows all the country's tax laws, and can do business in English. Lastly, if you still have ties to the US, it would be wise to understand your US tax liability in addition to the 7% in Italy. Again, a good accountant with knowledge of expat tax law in the country you are moving to is critical.
The income minimum for 2023 is €32,000 for one person and €38,000 for a couple.
Yes, it’s critical to get your expat taxes calculated and filed correctly.
Maybe I misheard but I thought France does not tax retirement income for US expats.
Can you send the information on the Puglia property and area? Thanks!!
The property listing should be below the video in the description.
You’ll see the agents info there.
Thanks for watching!
Would it be possible, with the help of a tax accounting service, to check with the Italian tax office, if the candidate qualifies for the 7%tax plan ? So as to know if settling there makes sense. Thanks for your very good video again!
Yes. Check with my friend Nicolo Bolla from Accounting Bolla.
@@RetireToEurope Thank you !
Just subscribed, Loved the Puglia property but wish it was in Abruzzo 😄
Thanks for the sub!
I keep reading “you have to receive a pension” everywhere. So what is it? Can I use this if I am not retired, but I have a passive income (dividends) from a US website? Or it’s exclusively for retirees? Thanks!
I’m not an immigration lawyer, but my understanding is that you have to have “passive income” from outside Italy.
• Social Security
• investment income
• rental income
• pension
But there’s no box to check that says “Are you retired?”
I know of folks who retired early on passive income without a true pension.
Italy just wants to know you’re self-sufficient and can bring money in to be spent locally.
Regarding the 7% tax to Italy if living in Southern Italy's approved regions:
Where is the health care located? What if we need to assisted living care? Is there any if we are widowed?What is the property taxes on these places? You don't say. Do these places have electricity? Is there anyone who speaks English in the region to help us find a property?
Great questions.
First, there are medical facilities and hospitals spread around Italy. Italy has more doctors per capital than the U.S.
Assisted living is not as popular in Italy, as family members typically take care of aging parents/grandparents. But I haven't looked into this much.
There are zero property taxes if it's a primary residence. If not, it depends on the region and size/type of home. I'd budget 1-2%?
Yes, virtually all homes have (or have access to) electricity. Even though southern Italy is mostly rural, Italy is quite modern.
Many real estate agents speak some English. And there are interpreters you can hire if needed.
Thanks for watching!
I don't know if you can answer this, but here is a question. I am a dual citizen of Canada and an EU country, so I could buy a property in Italy no problem. I fit all the rules for the 7% tax. The Canadian government tells me if I move to Italy, I will have to pay a flat 25% non-resident income tax on my Canadian pension incomes. Would I then only have to pay 7% for Italian income tax? Or is there a tax treaty that would allow me to pay nothing to the Italian government, since the 25% Canadian tax is more than the 7% Italian tax? Any info would be very helpful, thanks.
I’ll have to do more research, but Italy and Canada definitely have a tax treaty.
Read the section on “Pensions” here: www.canada.ca/en/department-finance/programs/tax-policy/tax-treaties/country/italy-convention-consolidated-1977-1989.html
So I couldn’t understand if Eu citizens can do the 7% flat tax. I guess that question is the same as yours. So regardless of “country of origin” can EU citizens (2nd passport) do the 7% scheme? ❤️🇮🇹🍕
@@KaterinaFerrara Yes, my understanding is that the only requirements are: non-resident of Italy for previous 5 yrs, pensions must be from a foreign country (not Italy).
And, of course, these 8 regions and a town under 20k population.
Beautiful properties. Always check the tax treaty on taxation. Taxation rate doesn’t depend on your nationality but on the total income, the type of income, the origin of the income and what the tax treaty between italy and youre country stipulates about it.
@@henrietteancuta-koning7039 Yes always make sure to double check the actual language. Don't just trust what someone says.
Including me!
Do you know if they would tax disability payments from veterans affairs? It is not taxable in US
If it’s a replacement of income, then yes.
If it’s reparations from an accident, then no.
At least that’s my understanding.
QUESTIONS: Can I rent instead of Buying property? At least in the beginning I would want to rent. As far as passive income (pension/ss) What is the minimum amount required? Also after a certain amount of time... Does my US tax liabilty go away? Is there a tax treaty with the US that prevents double taxation? Can you send me the data base of towns that qualify for this 7% flat tax? THANK YOU!
Good questions!
1- Yes you can rent
2- Minimum income is €32,000 per year, divided in months
3- US tax liability only goes away if you renounce your citizenship (which costs money)
4- Yes there is an Italy/US tax treaty
Naples and area has three million people residing there.
Yep. You’d have to go out of the city to find a town or village with under 20k people.
I plan on moving my family when i retire in about 5 years. Looking to move to Sicily.
Sicily is very affordable! 👍
@@RetireToEurope what about the gun laws and self defense?
@@ellmiller2013 Firearms laws in Italy are very strict. You need to apply for a firearms license before moving to Italy. All firearms must be registered and licenses renewed on a regular basis.
I would encourage you to NOT take your guns to Italy.
@@RetireToEurope not moving there if that is an issue. I will do my due diligence. But, if it is an issue i’ll stay here in the US.
@@ellmiller2013 Probably a good idea. Europeans don't want Americans bringing their gun culture to Europe. They think it's crazy that we can just go buy guns at a "gun store". Which it is.
Hi Tommy:
Please send me the list of areas providing 7% Italian income tax.
Also....do you know what is the benchmark minimum passive income is required to obtain residency as an Expat retiree?
LUV YOUR VIDEOS !!!
The Elective Residency Visa income requirement is €32,000 per year for a single person. €38,000 for a couple.
The 8 regions for 7% tax are:
Abruzzo
Molise
Puglia
Basilicata
Campania
Calabria
Sicily
Sardinia
Then a couple dozen individual towns in Lazio, Umbria, and Marche.
@@RetireToEuropeThanks for the informative video! and you get right to the point; no beating around the bush. You just mentioned some towns in Lazio, Umbria and Marche. I love Urbino, and was there for a summer. How can i find a list of these towns more central and north? I am just starting a possible search; have been to Italy many times. Many thanks.
@@josettepiacenti1165 The towns are listed in this tax law:
www.gazzettaufficiale.it/eli/id/2016/10/18/16G00205/sg
Scroll down the left side to "Allegato 1".
You'll see the individual towns listed there.
@@RetireToEurope thanks so much. I just came across your channel yesterday.
Hey there! I've got a question about what qualifies as "passive income". Are you available for a consult? Thanks!
I’m not a tax professional, but my understanding is things like:
• pension income
• Social Security
• rental income (from outside Italy)
• investment income
• dividends
• passive business income
There may be more than that.
Thanks for the question!
@@RetireToEurope It's that "passive business income" thing that I'm curious about! Thanks for the info!
It’s probably fuzzy. Obviously if you’re doing work inside of Italy, that won’t work.
But if you have a website making money in the US, that can be justified as passive income.
A good accountant will know how to approach it.
@@RetireToEurope thank you!
very informative and insightful! question, am i correct in assuming that if choose one of the 8 regions offering the 7% flat tax, any city with population less than 20,000 would qualify? or does it have to be certain identified cities within each of the 8 regions? also, does the 7% flat tax (national), also diminish in like the municipal and regional income taxes?
Any municipality with less than 20k.
Here’s a good article on the 7% tax regime:
www.relocate.world/en/articles/Italy-tax-for-pensioners#
Do you need to buy or can you rent ?
Can income come from Board of Directors compensation ?
You can 100% rent.
You’re supposed to have a pension or “passive income”, but all additional income will also get the 7% treatment.
It is my understanding that there are some villages in Lazio, Umbria, and Marche that also qualify. Do you know if this is accurate?
Yes this is correct. They are smaller towns that suffered earthquakes many years ago.
My father's family came from Seren del Grappa in the Belluno Province north of Venice - I would be interested if one of the 7% flat tax areas include anything around there?
Unfortunately no.
The 7% tax areas are all in the southern part of Italy.
Thanks for the question.
Which is the most northern, biggest town that would qualify? Do you need to buy a place or can you rent?
You can rent but you must have a signed lease or rental contract.
No hotels or AirBnb.
I live 40 minutes (by car) from Milan, in a small town called Robbio, which has fast internet in 5G and a train station to go everywhere. I have two farmacies, two supermarkets, a post office and 4 banks in a radius of 1km, and I paid my house 35.000$, renewed. A 80m2 with two bedrooms, a big sitting room, a living kitchen, a big bathroom, a porch, a car box and a 18m2 cellar.
I'm not saying to drop agencies like Realestate, but if you check the internal italian selling site/agencies you could find good deals.
I don't even have a car, I reach Milan in 1 hour and 5 minutes by train, with a 5 euro ticket, if I need to go to a big city.
Thanks for sharing. What Italian sites can you find deals like this?
@LightMovies Thanks for this.
Would you be up for chatting about your experience?
@@RetireToEurope Do you mean "live", or just here in the comments?
Agnone receives quite a lot of snow.
Thanks for that. I had heard the mountain areas of Molise can get quite a bit! ❄️☃️
This was incredibly helpful. Thank you so much. I am interested in Abruzzo, Sardinia and Sicily. I have a teacher's pension and a rental home in Portland, OR. I should qualify for the 7% income. I will be visiting southern Italy in May of 2025. I have a friend in Rome who will hopefully be able to drive with me to the east coast. I would like to check out the Abruzzo region first. Do you recommend renting an apartment near the region one is most interested in before buying property to make sure you like it enough to live there?
Absolutely. If you can, rent so you can really get the feel for a region.
It can also give you time to find the right property.
Thanks for watching!
What does “flat” tax mean: eg means on net income or gross income?
It means whatever your taxable income is, you'd pay 7% in tax. As opposed to Italy's normal progressive tax brackets, which start at 23%.
I hope that helps!
I am interested the property in campania : St Pietro. thank you Enzo
Here's the listing with the agent's information to contact:
www.gate-away.com/properties/campania/caserta/san-pietro-infine/id/628129
Thanks for watching!
Curious to find out if they would tax disability income.
If it's from Social Security, I'd guess yes.
maybe someday
Just takes some planning and commitment 👍😎
Looking for estate is the worst from advertisments. Most effective way is to go in area you like. Do a investigation. Get know everything. Then choose the best location. And then find house is not for sale but seems to be. Find owners. Convince them. Buy it. Die happy...ps. greets from Poland, a land of smart people.
Thanks for watching
Very Nice
Thanks 🙏
Can you tell me what the income level is per year to qualify ? I love the last house that you showed and would be extremely interested. Is it 7% taxes on your annual income and how are the utility cost for one person per month approximately ? How many taxes are there, what are the amounys of property tax and any other taxes ? Italy is my heart, I love Florence. I am retired and I am somewhat elderly. I want to live and die in Italy. I would be grateful for any information you can give me. Thank you
There a lot of information, but the short answer is:
• Italy taxes on your worldwide income
• You would still file in the US (if American) and get a tax credit for what you paid in Italy
• There are taxes when buying a property (like 4% or 9% depending on residency status)
• If the house is your primary residence, you pay ZERO property tax
Subscribe to the newsletter for more info as I make it available: traveltirement.com
US expat health care cost to apply to retirement visa?
Usually a few hundred dollars. Maybe more.
do the apartments also have monthly fees like maintenance, co-op, HOA?
Depends on the individual apartment. No simple answer. Sorry.
Correct me if i'm wrong but I understand in order to own property in italy. Thank you i'm very interested in buying property possibly the end of the year. I'm a widow and I am in the process of selling my home in texas.
To buy property in Italy you do not need to be a citizen or a tax resident.
But to stay more than 90 days at a time, or to retire there, you have to apply for a long stay visa.
I keep getting those these mixed up. Should I contact the Italian consulate in houston texas before I leave and get that extra visa? ?? I asked that because I'm selling my house and I'm praying that it sells before I leave for Italy. If so, i'd wanna stay longer.
@@kcaso92009 You must apply for your Italian visa in the US. NOT in Italy.
If you don’t have it before you go, you’ll have to come back to get it.
👍
What about the other tax rates? I guess there are tax for your property as well?
Yes there are taxes when buying the property. I'll do another video on that.
The % rate depends on various factors. Keep watching!
You mention in the video having a list of all the qualifying municipalities in these regions for the 7% tax rate. Could you please share that with me? TIA
It’s actually a database.
HTTPS://esploradati.istat.it/databrowser/#/it
Does this apply to Italian citizens abroad?
Yes. As long as you haven’t been a resident the previous 5 yrs.
I would prefer a small town or village. Hate overcrowded cities and town.
I'm the same. I love visiting a city or popular area, but I prefer the countryside and small towns.
Hi , what would be the income requirement should I retire to italy after living most of my life in Canada , I hold a italian passport and was born in italy also but never resided in italy ever? I would appreciate your input thank you
For the Elective Residency Visa, the minimum passive income requirement is €31,000 (or €38,000 for a couple).
Please note that the Italian consulate in your home country may have discretion on this amount. It's not that you automatically qualify with this amount of passive income.
That income can be from: pensions (public or private), Social Security, investment returns, dividends, interest, rental income, etc.
It just can't be money sitting in a bank that you spend down.
I hope that helps!
@@RetireToEurope Hi thank you for your answer , so even if I am a citizen I would still have to apply for a visa ?
@@larino66 No, sorry. If you have citizenship you just need to register as a tax resident in the local comune.
You may not need a certain income as a citizen.
I just don't know much about the citizenship situation!
@@RetireToEurope Thank you so much 😊
Does it apply for Italian citizens born abroad who decide to go to Italy?
Yes, as long as you haven’t been a tax resident for the past 5 yrs.
Grazie mille 👍
Can I get the list to the database please (town under 20k)
The database is structured by
• North Italy vs South Italy
• Regions
• Provinces
• Comuni (towns) ← This has to be under 20k
Here's the link:
esploradati.istat.it/databrowser/#/it/dw/categories/IT1,POP,1.0/POP_POPULATION/DCIS_POPRES1/IT1,22_289_DF_DCIS_POPRES1_24,1.0
My home country has a bitributation agreement with Italy. If I pledge the 7% flat tax benefit , can I deduct the tax I pay in my home country,?
Yes, you should. All depends on the details of the tax treaty.
So my understanding is that certain countries have a no double tax agreement with Italy for example my country of Canada. So I assumed my CPP wouldn’t be taxed anyway since Canada already taxes it. Can someone confirm this?
If you’re a tax resident of Italy, you file and pay your taxes there. Then when you file in Canada you get a tax credit for what you paid in Italy.
FYI I’m not a tax professional 👍
I live in Australia own my own apartment but am on a pension so would that stop me getting my pension. Thank you.
I’m not sure about the Australia rules, but I know Americans can have their pension (Social Security) paid to another country. 👍
@@RetireToEurope Thank you, yes I've got a feeling we do as well but not 100% sure x
Hello . Very usefull video. Thx. I am from România and I would like to Invest în a house în italy. I dont need something big and expensive from the bigining but I dont know what to do to purchese a house. If you can help I would be gratefull. Thx
I'm making a course about finding and buying a home in Italy. Keep an eye out!
Is it possible to live in Naples or Palermo and be in a suburb of these city's that has under 20,000 population
Yes, as long as the town’s population is that low.
Hi Tommy
Does selling your company fully qualify for this passive income as you can take out the cash over time?
I would say yes. You just need to demonstrate you can produce income without working.
The Italian gov't think in terms of "pensions", so you need to frame any income(s) in that way. Doesn't need to be a true pension though.
I hope that helps!
Sardinia is excluded from seismic towns.
Thanks for adding that info.
this 10 yr flat 7% tax is it similar to the NHR that Portugal has or had since they're getting rid of it next year?... thanks in advance
I'm not sure about the Portugal law. A lot of times you get grandfathered in even if the law changes later.
Thanks for watching!