We cover a number of areas of interest for people considering a move to Italy, and the list below includes time markers for those who wish to skip to the section that is relevant for them:

2:10 - Residency and tax residency

4:20 - The consequences of residency in Italy

5:45 - Double tax agreements and conflicts of tax residencies

12:45 - Fighting the “Agenzia” (the Italian tax authorities)

19:40 - CRS (Common Reporting Standards) and tax investigations, as well as invitations to correct “anomalies”

23:40 - Mitigating the consequences of residency

26:20 - Tax incentives for pensioners - the 7% regime

31:50 - The types of pensions that qualify for the 7% regime

35:50 - Submitting an “interpello” (an advance ruling from the tax authorities)

38:00 - Exemption from foreign asset declarations and the associated taxes

40:20 - Inbound workers incentive and digital nomads

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I am including a few approximate minute markers so that you can easily locate the sections that are of interest:

Italian citizenship - 2.20

Long-stay permits and language requirements - 4.40

Visas - 7.15

Permesso di soggiorno - 8.30

Family reunification visas - 12.00

Estate planning - 15.30

Inheritance taxes and donations (gifts) - 24.50

UK domicile - 27.20

The closing music is “L’iride (Mazurka)”, D. Ciolfi, played by Pasquale (O Rêua) and Pietro Taraffo of the Genoese school

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1:28 - Working with a UK financial adviser as an Italian resident

8:55 - Equivalency in financial services between UK and EU

12:57 - Taxation of EU-domiciled managed funds vs UK-domiciled managed funds post-Brexit for Italian residents

15:50 - Tax declarations in Italy for directly-held foreign financial investments

18:15 - The €51,645.69 question - holding foreign currencies as an Italian resident

21:38 - ISAs - what they mean in Italy

23:42 - Quadro RW - why you need to declare the mere existence of your foreign assets (as well the income that derives from them). Common Reporting Standards and why you should assume that information is being exchanged automatically with the Italian tax authorities

25:20 - The taxation of UK real estate as an Italian resident (rental income and wealth tax (from 28:20))

33:00 - Thinking about real estate investments once you move to Italy

35:15 - Capital gains tax on foreign property (with particular comment on the situation for UK property owners who are non-resident in the UK)

38:15 - Tax-efficient investment wrappers - what they can do and how they need to be set up. Some comment on inheritance taxes in Italy - 

43:44 - The 7% pensioners’ tax regime 

50:10 - Italy vs Italia - and why you should persevere if you want to move here

Contact details for Gareth Horsfall: https://www.spectrum-ifa.com/gareth-horsfall/

Contact details for Andrew Lawford: https://www.spectrum-ifa.com/financial-advisers-in-italy/andrew-lawford/

The closing music is “L’iride (Mazurka)”, D. Ciolfi, played by Pasquale (O Rêua) and Pietro Taraffo of the Genoese school

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Philipp Heimberger on Twitter: https://twitter.com/heimbergecon

Article by Philipp Heimberger and Nikolaus Kowall:

https://wiiw.ac.at/draghi-government-seven-surprising-facts-about-italy-n-486.html

The closing music is “L’iride (Mazurka)”, D. Ciolfi, played by Pasquale (O Rêua) and Pietro Taraffo of the Genoese school

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We interview two experts, one in the field of property consulting, who can help you find the right property at the right price, and another who will illustrate all the legal aspects you need to be aware of.

Nikki Taylor is our property expert and can be contacted at: https://www.italy-propertyconsulting.com. Her books can be found on Amazon, under the titles:

How to Confidently Buy Property in Italy: Get Your Own Slice of La Dolce Vita

Living the Dream: Australians in Italy

Jessica Zama of Buckles Solicitors is our legal expert, whose details you can find here: https://www.buckles-law.co.uk/about/people/jessica-zama/

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During the episode, we interview Jessica Zama of Buckles Solicitors, who delves into the difficult (but easily simplified) world of trusts in the context of wills and succession. You can find her details here: https://www.buckles-law.co.uk/about/people/jessica-zama/

The overarching message is that you should always consider your affairs from the points of view of all jurisdictions involved.

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Below is a list of references made during the show:

Nassim Taleb “Antifragile”

https://en.wikipedia.org/wiki/Antifragile

Berkshire Hathaway Annual General Meeting 2020

https://www.youtube.com/watch?v=69rm13iUUgE&t=19568s

Daniel Kahneman “Thinking, Fast and Slow” - Kahneman and his research partner Tversky gave us much of the theory that lead to what we now call behavioural finance. This book touches so many aspects of our lives and the way we think that it is difficult to exaggerate its importance.

There is much to be discovered here beyond finance.

https://en.wikipedia.org/wiki/Thinking,_Fast_and_Slow

Benjamin Graham “The Intelligent Investor” - the classic text by Warren Buffett’s mentor. Easily accessible to everyone and still full of useful ideas.

https://en.wikipedia.org/wiki/The_Intelligent_Investor

Article cited by Robert Walker

https://www.hl.co.uk/learn/how-not-to-invest

The closing music is “L’iride (Mazurka)”, D. Ciolfi, played by Pasquale (O Rêua) and Pietro Taraffo of the Genoese school

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