Investing for a higher income

Investing for income, rather than capital appreciation, is as old as investing itself but its relevance becomes more noticeable in times of low bank interest rates. (Or historically low as the media likes to keep reminding us).  

Minimum reporting threshold for funds held abroad - clarified!

If last year was the year for confusion about how to report assets held abroad then, at least, in 2014 they are offering some further clarity. 

More daylight robbery - Increased bollo from 2014

In 2014 the imposa di bollo on securities and deposit/bank accounts in Italy will be removed.

Property rentals in Italy - Goodbye cash 2014!

From 2014 owners of properties in Italy, which they rent, will be expected to have the rent paid only through trackable methods of payment. 

Breaking news for NON Resident UK Home Owners

Non UK residents will have to pay capital gains tax (CGT) on residential property sales in the UK from April 2015, reversing the current rule, George Osbourne announced in his Autumn Statement yesterday.

The Abitabilità and tax on the sale of Italian properties.

I have been asked a question a  few times in the last year or 2 about the abitabilità and thought I should get an answer.  Here is the question followed by the answer:

It's TAX time of year again.

Since tax reporting time (1st January 2013 - 31st December 2013) is almost upon us once again,  this week I am writing a blog to help you to prepare the necessary information and also to help your commercialista.  Feel free to share this link if you feel it would be of help to others.