Industry specialists has stated that Italy, traditionally popular with overseas investors also offers a range of tax breaks.
Property firm Casa Travella has said that apart from the endless beautiful landscapes, history and culture, Italy also offers financial rewards to investors due to its tax laws.
The good news for property investors is now there is no capital gains tax on property and there is no wealth tax. Inheritance and gifting of property are also shielded from taxation as there is no tax for gifts less than €80,760 or to direct family members. These tax breaks are really helpful for investors going for long-term investment. Italy offers much better financial benefits than many other countries.
ShelterOffshore.com recommended the country for overseas investors for its beautiful countryside and fantastic year round weather.Movechannel.com research revealed that Italy gets into top spot as the prime destination for Brits looking for property abroad followed by Spain and France. The Italian property market is in its eighth consecutive year of growth as Property experts predict that the market is supporting overall capital appreciation and the fiscal fundamentals are in place for there to be growth for next few years.
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