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ITALIAN MORTGAGE SERVICE

   to non-italians to buy, restore,  refinance, residential properties in Italy

&
The Italian Burocracy explained to non-italians

Professione esercitata a norma della legge 14-01-2013-nr.4

 

 

 ELECTIVE RESIDENCE   - IN  ITALY  -  RESIDENZA ELETTIVA 

PERMIT OF  STAY IN  ITALY FOR  PROPERTY OWNER 

  LIFE IN ITALY , INCOME TAX  , RECIPROCITY

 

 

>> Per la pagina in lingua Italiana dedicata agli Italiani all'estero cliccare quì <<

 

 

Non-Italians citizens or Italian that produce income and living outside the territory of the Italian Republic, asking for a mortgage in Italy, should be aware that they can achieve significant savings in fees, and also rates for their mortgage, much lower, if they purchase, build, or restructure, their home in Italy, taking advantage of the use of financial incentives and practices of a purchase as a Prima Casa (first home) : this an  real estate classification in the law in Italy and only means that it is your first property purchased in Italy .

These benefits are:

 

1> best rates on the mortgage, an easier and faster procedure

2> the tax on the capital of the loan  decrease from  2% to 0.25% 

3> the tax on the value of the home purchased decrease from 10% to 3%

4> the VAT on restoration and construction costs decrease from 10% to 4%

5> the annual property tax (IMU) which is reset

6> be able to buy a car in Italy 

 

IMPORTANT NOTE

the buyer has 18 months to transfer the residence to the first house purchased, if this does not happen, him  lose the allowance and  have to pay to the revenue agency: the difference between the transfer fees prima casa and seconda  casa  - a 30% tax on the sums paid

 

To achieve the facilities of  the First Home , need you obtain the Elective Residence in Italy

The Elective residence does not allow to produce income in Italy, and therefore not obliged to transfer its taxable activities and pay the tax on them in Italy.

 

 

 

Elective Residence 

Rules and Instructions by

Italian Ministry of Foreign Affairs

 

>> VISA   FOR  ITALY  <<

click on More Than 90 Days , and select Elective Residence 

 

 

 

 

Click on the following red lines , to have relative documents

some of this are .pdf  files ,  to have  Adobe reader , click > here  <

 

 

Foreign Info

Italian house tax guideline

Italian agreements to avoid double taxation

 

 

NOT   EU  CITIZENS 

 

You can start the process by the Italian Consulate or Embassy in

 

USA

>> see address of  Italian Consular Jurisdictions in your country <<

 

OTHER COUNTRIES

>> see address of  Italian World Embassies & Consulates <<

 

 

 

Italian Reciprocity

 

Italian Residence Making Process No EU Citizens

 

Application for Shenghen visa , here

 

How to fill  the Postoffice Module

 

 

 

 

EU   CITIZENS 

 

THE CITIZENS OF  SWITZERLAND , NORWAY , ICELAND AND LIECHTENSTEIN 

ARE TREATAED AS THIRD EUROPEAN  

 

Italian Residence Making Process For  EU Citizens

 

EU Long Terms Permit of Stay 

 

 

>> Klick here to Go back to Italy Mortgage Guideline <<

 

>> Klick here to Go back to Buy and  Burocracy in Italy Info <<

 

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