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Italian real estate market offer great investment opportunities.
Real estate transactions are governed by specific rules which set forth the procedure to complete the deal, from the preliminary contract of sale and purchase through the closing.
Real property rental income and gains are subject to tax in Italy, and nonresident individuals or companies must report their real property holding and file an income tax return.
We assist foreign investors in properly structuring their real estate investments in Italy to minimize the impact of Italian taxes, facilitate the management of the investment and the allow the exit once the investment is terminated, including the use of foreign or Italian holding companies, the enhancement of tax deductions and benefits, and the use of other favorable tax provisions.
Our services in this area include:
- assistance in the sale and purchase transaction throughout all its stages from the offer to the preliminary contract to the final closing;
- assistance in managing Italian real property, including preparing and entering into contracts of lease, collecting rents, paying insurance and management fees and costs, attending condominium board meetings and handling condominium matters etc.;
- advising on the proper planning of the transaction to obtain tax and legal benefits. |