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Taxation of properties and financial investments abroad

20 February 2012

Citizens residing in Italy and with financial investments abroad have to declare these retrospectively from 2011 when doing their yearly tax declaration. The rate of assessment amounts to 0,1 % for the years 2011 and 2012 and 0,15 % as of 2013. Assessment basis is the market value of the investment on December 31 or its nominal value or redemption value. The rate of assessment for properties acquired abroad is 0,76 %. Assessment basis is the sales price as stated in the sales contract. In case no sales contract can be presented, the market value is consulted.

(Source: finanzarepubblica and ilsole24ore.com)

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