Four Taxes In Italy

Free Guide: The Top 4 European Retirement Destinations for Americans

🟩 Four taxes in Italy (for Americans):

• Income tax
• Tax when buying a home
• Tax if you rent out that home
• 7% flat tax for retirees

Links from the video:

Thanks for watching!

Tommy

When you're ready, there are 3 ways I can help you:
→ Leave a comment or question below

[kamala_paradise]

Excellent channel. Thanks for the information.

How about the wealth tax and inheritance tax?

Perhaps you can have an accountant on your channel explaining it?

[livingworkingoutsidebox]

Very helpful. 👍 You presented some good points with the taxes Liked the properties you showed as well.😊

[Oggiwara]

Thanks for sharing this very useful information! As a soon to be retired, this was very helpful for me when I am researching where to retire. 😊

[beckymastache]

Yes, please share the Italian government database & how to video. Thank you for all of the information you provide.

[patlsmith]

Thanks for the info and beautiful homes. We’re wanting to buy in Italy and from the US.💫💖

[jamesrachal]

I recently found that Piedmont property and almost forwarded it to you! Great video, sir!

[sayangus]

Thank you for your notice email on this subject!! So happy you brought this up, cos we were just wondering about it. Thank u for this very informative video!!

[christineshields]

Great information! We're hoping to move to Italy in a couple of years. Cost-of-living and lifestyle are great considerations. We currently live on my husband's pension, our social security payments, and interest from our 401Ks. If we move to Italy, we won't have to pull from our investments meaning our taxable income in both the US and Italy would be much less.

[Anthony-ddi]

Love your videos and the wealth of information. Can you share the I.STAT info please? Much thanks.

[irishdva]

I would like access to the database to identify 7% localities please. Thank youfor this interesting and informative video on taxes. It’s really helpful

[petercarroll]

Beyond the regions that you cite as being included in the 7% tax regime for retirees, supposedly there are also certain areas of Lazio that also partake of the 7% tax regime … for example, around the city of Rieti. These additional areas, however, tend to be susceptible to earthquakes. I have heard, but cannot confirm, that some areas in Umbria may also benefit from the 7% tax rate. Does anyone have a link to the complete list of these areas??

[eb]

Hi Tommy, I discovered your channel recently. I appreciate your input and all of the useful information living in Italy. Do you provide a virtual meeting?

[mvp]

My understanding of social security in Italy is that if your SS is the result of working in private industry, it is taxed at normal progressive tax rates, but if it is from government or civil service, then it is untaxed. If I am incorrect, please post - I think this is what I learned from Essentaxa. I also think they take out the social contribution on top of the tax...taxing your pension for a pension you will never receive. Again - happy to be corrected.

[patlsmith]

What are the towns or regions that pay you to move or buy there? Thanks!

[MegaDrummerboy]

Subscribed because you gave such a thorough property review & google street etc. You are our favorite channel! Keep it up!

[X--Ripper]

My sole concern is that I’ve read that Italy doesn’t recognize Roth IRA income as tax-free income, and they’ll tax it. Since I’ve already paid taxes on my Roth IRA in the US, I certainly don’t want to incur additional taxes on it in Italy. This detail significantly hinders and complicates my plans to relocate to Italy.

[alpaciello]

Hi Tommy,
I've applied for my dual citizenship and should have all of my paperwork and Italian passport in about 9 months. Do you have any info on property ownership and taxation for my situation?

[jeffgreenwaldJLG]

Does Italy have a wealth tax like Spain? If I still had a house in the US or elsewhere or stock funds would they tax it?

[nomadcurator]

What percentage of a year do you need to live in Italy to be a tax resident so for instance, if you buy a property there, obviously, you will be subject to property, taxes and city taxes but if you only live, for example, 90 days a year there, would you be subject to income tax?

[annaharpster]

Very informative video and great channel. Qs. Is the income Italy is taxing just the amount you receive in Italy from a U.S. source? For example, if your social security, annuity and other passive income is deposited into a U.S. bank and you only wire 1, 500 a month to Italy, would they only tax that amount that you wired to Italy every month?