Why Italy's inheritance taxes aren't as high as you might expect

Jul 31, 2020 226

Inheritance tax must be paid by residents in Italy under certain conditions, that will be described below, when they inherit property - both real estate and movable property - wherever this heritage may be located (therefore also on assets held abroad).

The Italian inheritance tax concerns not only the assets of Italian citizens, but also all assets, in Italy and abroad, of foreign citizens if they have their tax residency in Italy at the time of their death.

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SOURCE: https://www.thelocal.it

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