The 'Uso Fruto' law ensures that there is no inheritance tax on property in Italy. Purchasers decide to sell their property within 5 years of it being completed then have to pay 12.5% capital gains tax to the Italian government. But if they sell it after 5 years, presently there is no Capital Gains Tax. Italian law states that if a developer is building off plan they need to provide the customer with an Insurance Bond or Bank Guarantee for their initial deposit. If the builder goes bankrupt this insurance bond covers the full amount of the deposit.
Calabria's exclusive atmosphere of chirpiness perfectly blended with the tranquility and serenity of the Italian countryside and the fantastic Mediterranean climate continues to win over the hearts of overseas property investors. Property investors are lured by Calabria’s valued properties, good accessibility, and potential capital growth. Calabria has the unspoilt Italian life that has started to sense the full effects of the international property boom.
Jewel of the Sea, Situated just south of Naples is spectacular, ultra-modern development of beachfront properties consist of one to four bedroom apartments, townhouses and villas. This area has become easily accessible and the development is within walking distance from the unspoilt white sandy beaches. The development has well maintained gardens and surrounds, private parking and apartments are decorated to high specification .The prices of one bedroom apartment just £59,000 and the same in beachfront hideaway is priced at £77,000.
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