Is IMU going to be culled on the Prima Casa?

If Renzi is a man of his word then as of 2016 there is the real possibility that IMU will no longer be charged on the Prima Casa for Italian residents.   However, holiday homes, and second homes will still have to pay the current rate of 0.76% of the catastale value, but those owning and living in their main residence may have a tax break as early as next year.  

This will, supposedly, be financed through efficiency savings made by streamlining the public services further. I will wait to be overwhelmed  by the efficiency savings !!

Reductions in income tax are being talked about from 2018. 

Tax breaks may be coming our way!  Watch this space. 

If you want to know if you might be able to save some tax in Italy then you can contact me for an initial consultation on gareth.horsfall@spectrum-ifa.com or on cell: +39 3336492356

A guide to declaring foreign owned assets in Italy.

This is my guide to what your commercialista does with all that information you give them each year, what problems it causes them and you, and finally what you can do to simplify your life as a foreigner living in Italy with assets held abroad.