Q Question: I have had a house in Italy since 2012 and I always paid IMU tax. I do not live in Italy. What are my Italian tax return duties with respect to the Italian property?
A Answer: The Italian Tax Administration this year clarified that a property owner is not subject to Italian income tax (payment and return filing) duty when all the following circumstances apply:
a) IMU was paid for said property;
b) The property does not generate any income (e.g., rental);
c) The property owner does not have other income in Italy.
If all conditions above apply, you are not subject to any Italian Income tax return duty.
Copyright of Studio Legale Metta – Bari (Italy).