Italy, tax for abroad properties

The most recent news is a law on real estate properties that a person who lives in Italy might have bought in another country. From a given point of view, this means that the Albanian emigrants in Italy will pay for the homes that they have bought in Albania.

In the past, this property should only be declared, but the tax was unpaid of the house or the land was not considered as a profit source. With the news rules that will enter in act very soon, despite the fact if the emigrants use the property or not, they must pay a tax with 0.76% of its value. This value is calculated based on the price that results in the purchase act or the property value. But if the emigrant pays a tax for this property in his homeland, it will be discounted. It is difficult to predict how the Italian tax offices will act to verify the properties of the emigrants in their countries.

Top Channel