Cash secrets for italy investors

Shrewd Italy investors can make their money go further if they play it smart, claims one expert…

Linda Travella of Casa Travella believes that there are ‘excellent ways of making your money go further if you invest in Italy’. She explained: “When people look to buy abroad they very rarely take into consideration such matters as Capital Gains Tax and Inheritance Tax, but they should, as it can make an enormous difference to the end value of their investment”.

”Take Capital Gains Tax in Italy; after five years there isn’t any! This is a fact not widely known, yet if you are investing in a property for your future, this can have a radical impact on the monies you receive at the end of your term of property investment.

”Inheritance Tax is another area where many people are unaware that Italy, offers much better financial benefits that many other countries. If you compare Italy to France, in Italy there is no Inheritance Tax if left to a close relation, such as spouse, children or direct relation. In France however, each child only receives 150,000 euros tax free and then they pay Inheritance Tax on a sliding scale up to 40%.

Ms Travella continued: “As well as the huge benefit of buying in Italy where these two taxes are concerned, there is also the need to understand that when the day comes to realise your investment, you are in a position to do so.

”Certainly, Italy is a stable market place with a gentle, year on year rise in most regions. There are no apparent drops in values of property despite the recent world ‘credit crunch’. As long as buyers seek the advice of professionals, they should be safe with Italy. Taking into account the tax advantages it is an astute move”.