Italy: Exemption of donation and inheritance tax for neo –residents who have assets abroad

Italian Law n. 232/2016 art.1, paragraph 158, provide that if the donor o de cuius are Italian neo-residents and choose substitutive tax, they don’t pay donation and inheritance tax for assets located abroad. The abovementioned tax must be to deposit for assets located in Italy.

These facilities can be extended also neo-resident’s relatives on request of neo-residents.

The rule n.17/E specifies that the exemption includes also free deeds as Trust and indirect donations.

It is noted that the facilities are applicable only for the limited period of 15 years.

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