RW Foreign Asset Reporting Codes
The table below contains the codes to be shown in Section RW of the annual tax return allocating any foreign asset to an individual category. Italian Descriptor Code English Description Conti Correnti E Depositi Esteri 1 Foreign Current And Deposit Accounts Partecipazioni Al Capitale O Al Patrimonio Di Società Non Residenti 2 Shares In The […]
Italian Foreign Asset Reporting Obligations in Quadro RW and IVAFE for Foreign Pension Schemes
The Italian rules for the reporting of a foreign pension or retirement benefits schemes are vague and Italian centric. This leads, for many taxpayers to uncertain positions where they transfer residence to Italy benefitting from or participating in such schemes. The fundamental starting point is that, in the Italian context it is the Sate that […]
Rates of Italian Withholding Taxes
Tax to be Withheld on Payments to Non-Residents Italy has an extensive series of rules requiring Italian tax resident businesses and professionals to make withholding of tax on certain payments of various types of income, both where the recipient is tax resident in Italy and non tax resident. Individuals acting in a private, non business, […]
Tax Updates
Italian 2026 Finance Law Overview Budget Law 2026 — Approved and OfficialSummary of the fiscal measures contained in the 2026 Italian Budget Law The Italian Parliament has definitively approved the 2026 Budget Law. After the Chamber of Deputies’ vote on 30 December, the President of the Republic promulgated the law the same day. It was […]
Inheritance And Succession – Posts
Pensions – Posts
Italian Forced Heirship Rules
Italian Forced Heirship Rules (Successione Legittima) Italian forced heirship, governed by the Civil Code (Articles 536–564), restricts the freedom for an individual to decide where their assets should go on death. The rules work by reserving a portion (quota legittima) for “forced heirs” (the “legittimari” – spouse, children, or ascendants if there are no children). […]
UK Inheritance Tax Changes
New UK Domicile Rules The UK government is in the course of making some significant, and complex, reforms to the taxation of non UK domiciled individuals. The changes impact UK Inheritance tax liabilities for people living outside the UK . Under previous rules if you had a UK domicile (and had not lost it) there […]
Client Sign-Up Form – Test
Purchasing Italian Real Estate – Individuals vs. Corporate Structure
There are a number of options for the purchase of Italian Real Estate. Here we look at the principal alternative options, but there are others. We look at purchasing: There is no automatic choice. Much will depend on the type of property and if you are going to rent the property or simply occupy […]