The problem is the residency issues with EU countries for non-eu citizens + the taxes. USA citizens still must pay Federal taxes plus local taxes of country they are living in. This makes it quite difficult for buyers from USA or other Non-eu nations to purchase these homes in Italy, France and Spain.
If you are considering such a move for your retirement years, Italy has a deal wherein your Social Security &/or pension income will only be taxed at a 7% flat rate. A couple key points about the 7% flat tax law that came into being in 2019: - the law applies to those who have regular retirement-type income; - requires that one is, or becomes, a resident in one of the Regions of Southern Italy, such as Sicily, Calabria, Sardinia, Campania, Basilicata, Abruzzo, Molise, Puglia, & several excepted areas of a couple central regions; - one must not have resided in Italy 5 years prior to applying for the incentive; - Municipality that is/will be resided in must have a population not exceeding 20.000 units Some say there are more intricacies for a few people (?? millionnaires?? IDK. I have seen no examples of what these special circumstances are), & that one should consult a specialist in international tax law, but maybe that's a given anyway. Anyway, if that seems more do-able & interesting, look it up. 7% is not nothing, but it may not be enough to turn some away from the idea.
Bellissima!
As David Benton would say... simply stunning!
You do yourself a disservice by not listing links to your website for additional information, and price of property.
The property has been reduced from €195,000 to €160,000. Many thanks.
For the love of god please just put a direct link to the listing in the description.
How much?
NIce! Is it still available?
Yes, it is still available at €160,000.
Grazie mille. How do I get the details of the house and a copy of the cadastral plans?@@abruzzopropertyitaly7980
It's listed on the website, 160,000 euros.
prezzzzzzzo????????????
Is listed 160k Euro.
Hello 👋
How can I contact you ???
The problem is the residency issues with EU countries for non-eu citizens + the taxes. USA citizens still must pay Federal taxes plus local taxes of country they are living in. This makes it quite difficult for buyers from USA or other Non-eu nations to purchase these homes in Italy, France and Spain.
If you are considering such a move for your retirement years, Italy has a deal wherein your Social Security &/or pension income will only be taxed at a 7% flat rate.
A couple key points about the 7% flat tax law that came into being in 2019:
- the law applies to those who have regular retirement-type income;
- requires that one is, or becomes, a resident in one of the Regions of Southern Italy, such as Sicily, Calabria, Sardinia, Campania, Basilicata, Abruzzo, Molise, Puglia, & several excepted areas of a couple central regions;
- one must not have resided in Italy 5 years prior to applying for the incentive;
- Municipality that is/will be resided in must have a population not exceeding 20.000 units
Some say there are more intricacies for a few people (?? millionnaires?? IDK. I have seen no examples of what these special circumstances are), & that one should consult a specialist in international tax law, but maybe that's a given anyway.
Anyway, if that seems more do-able & interesting, look it up. 7% is not nothing, but it may not be enough to turn some away from the idea.