Good news for Italian home owners

Good news could be in the air this year if you own a property in Italy and rent it out. The long-awaited “cedolare seccaā€¯ (lump sum dividend) bill is currently under review and would give owners a flat property income tax of between 19% and 21% instead of the previous variable rate of up to 43%! This recent proposal was only filed on 27 January 2011.

So you could be in for a massive saving of up to 50%. For more information check out this web site for advice on all legal & financial matters relating to your holiday home in Italy.

Click on the link for advice on all legal & financial matters relating to your holiday home in Italy.