In this episode we speak with Judith Ruddock, who works with the firm Studio Del Gaizo Picchioni - https://studiodelgaizopicchioni.it. You can reach her by e-mail at: jruddock@studiodelgaizopicchioni.it

We cover a number of areas of interest for people considering a move to Italy, and the list below includes time markers for those who wish to skip to the section that is relevant for them:

2:10 - Residency and tax residency

4:20 - The consequences of residency in Italy

5:45 - Double tax agreements and conflicts of tax residencies

12:45 - Fighting the “Agenzia” (the Italian tax authorities)

19:40 - CRS (Common Reporting Standards) and tax investigations, as well as invitations to correct “anomalies”

23:40 - Mitigating the consequences of residency

26:20 - Tax incentives for pensioners - the 7% regime

31:50 - The types of pensions that qualify for the 7% regime

35:50 - Submitting an “interpello” (an advance ruling from the tax authorities)

38:00 - Exemption from foreign asset declarations and the associated taxes

40:20 - Inbound workers incentive and digital nomads

Hosted on Acast. See acast.com/privacy for more information.

During the episode, we speak with Jessica Zama of Buckles Solicitors, who gives us her insight on topics ranging from Italian citizenship, visas, estate planning and UK domicile. You can find her details here: https://www.buckles-law.co.uk/about/people/jessica-zama/

I am including a few approximate minute markers so that you can easily locate the sections that are of interest:

Italian citizenship - 2.20

Long-stay permits and language requirements - 4.40

Visas - 7.15

Permesso di soggiorno - 8.30

Family reunification visas - 12.00

Estate planning - 15.30

Inheritance taxes and donations (gifts) - 24.50

UK domicile - 27.20

The closing music is “L’iride (Mazurka)”, D. Ciolfi, played by Pasquale (O Rêua) and Pietro Taraffo of the Genoese school

Hosted on Acast. See acast.com/privacy for more information.

This episode is really about much more than Brexit - I am including a few approximate minute markers so that you can easily locate the sections that are of interest:

1:28 - Working with a UK financial adviser as an Italian resident

8:55 - Equivalency in financial services between UK and EU

12:57 - Taxation of EU-domiciled managed funds vs UK-domiciled managed funds post-Brexit for Italian residents

15:50 - Tax declarations in Italy for directly-held foreign financial investments

18:15 - The €51,645.69 question - holding foreign currencies as an Italian resident

21:38 - ISAs - what they mean in Italy

23:42 - Quadro RW - why you need to declare the mere existence of your foreign assets (as well the income that derives from them). Common Reporting Standards and why you should assume that information is being exchanged automatically with the Italian tax authorities

25:20 - The taxation of UK real estate as an Italian resident (rental income and wealth tax (from 28:20))

33:00 - Thinking about real estate investments once you move to Italy

35:15 - Capital gains tax on foreign property (with particular comment on the situation for UK property owners who are non-resident in the UK)

38:15 - Tax-efficient investment wrappers - what they can do and how they need to be set up. Some comment on inheritance taxes in Italy -

43:44 - The 7% pensioners’ tax regime

50:10 - Italy vs Italia - and why you should persevere if you want to move here

Contact details for Gareth Horsfall: https://www.spectrum-ifa.com/gareth-horsfall/

Contact details for Andrew Lawford: https://www.spectrum-ifa.com/financial-advisers-in-italy/andrew-lawford/

The closing music is “L’iride (Mazurka)”, D. Ciolfi, played by Pasquale (O Rêua) and Pietro Taraffo of the Genoese school

Hosted on Acast. See acast.com/privacy for more information.