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. 

Should you take advice from The Spectrum IFA group?

When you power goes off you call an electrician. When the water goes you call a plumber. Yet oddly enough the most important professional advice you will ever need in your life is often ignored. FINANCIAL ADVICE.

The World's Strongest Banks - No 12 SEB

Bloomberg recently published a list of the Worlds Strongest Banks.  Given recent events surrounding the questionable behaviour of bankers in HSBC it is no surprise to not see them on the list. 

However, one in particular stands out, NO 12 on the list.  SEB.  

We at the Spectrum IFA group have been working alongside SEB Life International for the last few years and recommending their tax efficient Investment Bonds to our clients looking to move to or living in Italy.   It is good to see that we are partnering with the right kind of institutions!

Correction or Bear?

You may have heard a lot in recent weeks about China's stock market falling.  First it went into a correction and now it is in official bear territory. 

But what exactly defines a correction or a bear market? 

The Spectrum IFA Group - the company profile

If you are interested to see the latest International Adviser interview with The Spectrum IFA group founder Michael Lodhi, understand how we work and what values we stand for then please take a look at the following link: 

http://www.international-adviser.com/news/1023576/spectrum-intermediary-profile-spectrum-ifa

If you are an adviser who would like to consider joining us or a potential client who would like to work with us then you can contact me on gareth.horsfall@spectrum-ifa.com or call me on +39 3336492356

In defence of the Italian tax system........

Now, this might sound like an odd posting based on the multiple changes in Italian tax law over the past few years and the introduction of various new taxes on assets abroad.   However, I feel it is time for a soap box moment.