n. 4/2017 - Substitute tax on newly domiciled in Italy - Property abroad

Substitute tax on newly domiciled in Italy - Real estate abroad

  On 2 December 2016 it was published in the Official Gazette General Series no. 282 the Law 1 December 2016, n. 225 which converted Law Decree no. 193 of 22 October 2016 on "Urgent provisions on tax matters and for the financing of non-deferrable needs" (hereinafter the "Tax Decree"). While on 21 December 2016 it was published in the Official Gazette General Series no. 297 the Law 11 December 2016, n. 232 on "Provisions for the preparation of the annual and multi-annual State budget" (hereinafter "2017 Stability Law" or also "Law"). Here we will analyze the innovations inherent to these measures in terms of:

1. special regime for newly - domiciled in Italy;
2. properties located abroad.

Newsletter no. 4/2017