Coming to live in Italy – think tax first!

Are you a retiree, pensioner (or even just young and rich) taking up residence in Italy?  Before doing so you should take a look at your assets and sources of income, and whether you should make any restructuring beforehand.  For example it may be possible simply to step up the base cost of assets by bed and breakfasting before you get here.

The taxation of non-Italian pension and retirement accounts is volatile and not clear.  This can could lead to disputes with the authorities on the correct tax treatment.  Foreign asset reporting can be administratively onerous especially for extensive portfolios and much can be done in advance to simplify compliance going forward, if it is done in the year before you become Italian resident.

Should you require any assistance with your personal or pension tax issues, please reach out to our experts

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