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Author Topic: Tax on becoming resident  (Read 752 times)

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Offline Jamcam

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Tax on becoming resident
« on: May 31, 2018, 12:56:30 PM »
Hello

Am looking at becoming resident ahead of Britain leaving the eu

Reading hmrc website there is a double taxation agreement which I have read however am wondering what other peopleís experience of claiming relief in respect of Italian taxes

My main income is a Uk pension but I also have some rental property in Uk

No italian sources of income

Any help or experience usefully received

Does anyone have a communists they use ?


Offline SALCIM

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Re: Tax on becoming resident
« Reply #1 on: May 31, 2018, 04:06:27 PM »
Hi, I used a Commercialista in Pescara for some advice I needed. His name is Amedeo Patricelli (email a.patricelli@patricelli.net). Best of luck.

Offline levissima

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Re: Tax on becoming resident
« Reply #2 on: May 31, 2018, 05:24:53 PM »
You have to pay the equivalent to IMU on your property in UK as second home/s and also on rental income but I think pension (state) is tax exempt. Where about are you, because there are many good comercialiste and someone might know one close to you.

If youíve already bought your property in Italy and paid the non resident tax, thereís little to be gained by becoming resident unless you really are.

Offline Jamcam

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Re: Tax on becoming resident
« Reply #3 on: May 31, 2018, 07:25:59 PM »
Thanks both near Casoli or Lanciano

Itís either move out here or maintain abase in Uk as well and limit to 180 days but seems broad as itís long

Offline levissima

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Re: Tax on becoming resident
« Reply #4 on: May 31, 2018, 08:23:11 PM »
Residency pros and cons ( not comprehensive, just from what I
Know)

Pro.
1 lower tax when purchasing a property
2 needed for buying a car
3 lower tariffs for utilities and bank accounts
4 in event of disaster, government help
5 no tax ( council tax equivalent ) on your first house

Cons
1 must complete a tax return yearly
2 should change to Italian driving license
3 have to pay tax on second home in uk

Iím sure others can add to both.

It all depends on your personal circumstances, if you own a big/ high council tax property in the uk, what you have to pay in tax can wipe out all the benefits of being resident.

Offline Jamcam

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Re: Tax on becoming resident
« Reply #5 on: June 01, 2018, 02:43:04 PM »
Thanks again Levi yep the tax on rental property is a b.......r


And yes a commercialista near casoli would be great if anyone knows one