FAQ: Owning a property in Italy
Q.:What should be the amount of passive income for obtaining a residence permit in Italy called “residenza elettiva "?
A.: The visa for elective residence allows entry into Italy, for the purpose of stays, to the foreigner who intends to settle in our country and is able to maintain himself independently, without exercising any work activity. To this end, the foreigner must provide adequate and documented guarantees regarding the availability of a dwelling to be elected as a resident, and of ample autonomous, stable and regular economic resources, which can be reasonably supported in the future. Such resources, in any case not less than € 31,000 / year (or, at three times the annual amount provided for in table A attached to the Ministry of the Interior's directive of 1 March 2000), must come from the ownership of large rents (pensions, annuities) , possession of real estate, ownership of stable economic-commercial activities or other sources other than subordinate work.
Our agency provides clients with a contact of a lawyer specialized in these consultations that will help to understand everything in detail.
Q: Dear Hanna, Please find attached e-mail, Tassa Rifiuti, the garbage tax that has to be paid by the 16th of September. It doesn’t have a IBAN reference. Will it be charged automatically? Otherwise I will have a problem to know where to pay the tax.
A: The garbage tax and property tax CAN NOT be automatically paid from your bank account. Therefore, from abroad it is more convenient to pay this tax by bank transfer. Almost all the municipalities on Lake Como published on their websites their bank account data for paying taxes from abroad.
But if you are in doubt, or do not quickly find this information on the website of the Municipality, it is better to write directly to the tax office (Ufficio Tributi). For the city of Tremezzina it will be the following address
Q: Dear Hanna, As I mentioned in e-mail below me and R. are updating our legal documentation. We have a question if we need a specific Italian “last will” (or if the Swedish is good enough) in order to regulate the property in Italy if someone of us pass away?
A: The law applicable to your inheritance will be the law of the country of which you are a resident.
But the inheritance for real estate located in Italy will be processed according to the procedure provided for by Italian law.
Therefore, if you are preparing a will in your country in your own language, be sure to mention in a separate paragraph how you plan to manage your assets in Italy, movable (for example, your account in an Italian bank) and immovable (a description of your property can be found in your Italian notarial deed of sale)
You can also make a will for the Italian property only with an Italian notary public. About the will on the website of Italian notaries in English can be read here
Please check all information with your trusted lawyer.