+17%
increase in demand for luxury properties
Florence
- Tax Revolution in Italy. For the first time, through a new flat tax
introduced by the 2017 Budget Law, Italy has facilitated the influx of new
capital from abroad, thanks to the elimination of two main obstacles: the high
level of taxation and the previous regulatory uncertainties.
Today,
anyone who transfers their residency to Italy will be subject to an annual fee
of €100.000,00 for all income produced abroad; and this option may be extended
to family members who also relocate to Italy, which will instead be subject to
an annual taxation of €25.000,00 per person. Applicants who choose this tax
regime may benefit from such conditions for fifteen years.
The
consequences of this newly introduced law, now two months into its
implementation, have been significant. At present, one can witness a 17%
increase of the demand for luxury properties in Italy.
This
is the result of research carried out by Lionard Luxury Real Estate S.p.A.
(http://www.lionard.com/), a market leader in the brokerage of luxury
properties in Italy. Thanks to this regulatory fast-track, wealthy foreigners
are more inclined to move to Italy when seeking their new dream homes.
According
to Dimitri Corti, founder and CEO of Lionard S.p.A.: “Living in Italy has
always been a dream for many people, now it can be a reality for all of them.
In particular, we are receiving many requests from northern European customers,
who realise that now is an advantageous moment to move to Italy. Our task is to
help them to buy the right house and to assist them in the after-sale,
particularly in the renovation and home improvements”.
To
help its clients, Lionard S.p.A. has opened two new prestigious headquarters,
one in Florence in Via dé Tornabuoni 1, and the other in Milan in Via
Borgonuovo 20, with twenty new employees.
Florence,
May 10th 2017
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