Renting Out Propert
y – the Golden Rule
The Guardia di Finanza appears to be on a crusade to haul in all those non-Italians who have been renting property out in Italy and not paying taxes on it. It’s time to get this straight. There is a Golden Rule – there are no exceptions, waivers, alternative arrangements. The Golden Rule is this:If you rent out property in Italy, you need to declare and pay tax on the rental income in Italy. It matters not to the GdF if you have been regularly declaring the income in the UK, the US, Australia, or wherever you generally make your tax return.
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Great info!!