Access all of our articles to better understand laws surrounding Italian inheritance and the steps you must take when dealing with succession
Inheritance tax varies by State and in this post we will see how it is calculated in Italy
When a person decides to transfer the ownership of a property to a family member by way of a Will, the former bears the immediate notarial costs of the instrument, while the latter pays any tax related to the act of inheriting a property. Inheritance tax varies by State and we will see how it is calculated in Italy, how it works, how much is paid on inherited assets. We will look at allowances, what percentage is inheritance tax, the mortgage and cadastral taxes and how the cost is calculated.Read more
If you die as a resident in Italy, Italian succession law will dictate how your worldwide movable assets (i.e. bank accounts, shareholdings, personal items etc) and Italian immovable assets (i.e. a property) will pass on your death.
If you are resident in another country, Italian law will only dictate how your Italian immovable assets pass on your death.
Whereas, English law, which is based on Common Law, allows you to leave your assets to whomever you choose, Italian law, which is based on Civil Law, does not give you complete testamentary freedom.Read more
Civil Unions The so-called, Legge Cirinnà, passed on 20 May 2016, regulates and recognises civil unions between same-sex couples, giving them the right not to be discriminated against. How can a civil union be made? Same-sex people of 18 years and over, m ay enter into a civil union. How? By going before the local […]