Question: I am the beneficiary of an Italian property left by my late British brother. I live in the UK. I would like to know what is the Italian inheritance process to transfer the property into my name.  Answer: You shall complete and file an Italian inheritance claim, aka Italian Estate Return, or declaration of succession  (“dichiarazione di successione”), to record the property transfer into your…

 Question: I live in the US and I am looking for information on the possibility of a loan for a property in Italy. I can guarantee the loan against investments in the US. Can you help?   Answer: Yes, there are several options.   European Loan We have worked on many transactions with Italian banks giving loans…

 SILK -Shared Italian Legal Knowledge   Italian legal “material”, in plain English We love sharing Italian legal knowledge and experience. We dedicate a lot of time to write and update informative material to the benefit of our website users and social media followers. Our effort and ambition is to make SILK the best Italian legal…

  Question: What is the codice fiscale? When do I need it? How do I get it? What are the requirements? How long does it take to get one?   Answer: The Italian term “codice fiscale” is commonly translated as “tax code”, “fiscal code” or “tax number”. The Italian Codice Fiscale is an Italian identification code. The personal Codice Fiscale is the result of a formula applied to a person’s…

     Question: We work and live in the US and own a property in Florence. We are going to rent it to a student for a year except for July and August. The renter will be paying 550 euro/month plus utilities. Our management company informed us that we can opt for a 21% flat…

Question: Can I open an Italian bank account as a non-Italian citizen and non-Italian resident? What are the requirements and what is the process? Answer: Non-Italian residents are entitled to open non-resident bank accounts (“conto corrente non residenti“), regardless of their citizenship or visa status. One initial in person visit at the bank is normally required. Here more information about requirements…

Buying a Property in Italy? Don’t Make Your Offer Without Reading These 10 Tips During the past 17 years of working on over a thousand international real estate transactions nationwide we have seen many instances where some key planning up front made a lot of difference. In the current market, the sale prices are at their…

  Question: What is an Italian Certificate of Habitability?   Answer: The Certificate of Habitability is similar to the Certificate of Occupancy. It a document issued by the Municipality (Comune) where the property is located stating that the property conforms to the building regulations. In other words, the certificate assesses that the property is up to code with respect…

    Question: I would like to lease my Italian property (house) for a few months. Any advice on involved formalities?   Answer: Italian property lease regulations are very specific and strict. Here are some key aspects applicable to Italian residential lease (as opposed to commercial use), applicable no matter what the parties establish: Duration: the minimum lease duration is four…

Question:  What is the role of an Italian Notary public (Notaio) in Italian property transactions?   Answer: Italian notaries are legal professionals who act as public officers in Italian real estate transactions.  Property transfer contracts must be signed in front of a notary. As public officers, Italian notaries conduct formal document checks as well as confirm the…

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