Tuesday, March 18, 2008

Tax changes will boost Italian property

Recent changes in Italian tax laws will benefit some property investors, it has been claimed.

Fly-2let.co.uk reports that non-professional investors who wish to buy a holiday home in Italy and rent it out for a period each year will be able to take advantage of a lower rate of tax.

The website explains that duty charged on such property purchases can now be as low as four per cent, whereas previously it could be as high as 17 per cent.

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Tuscany Real Estate

Tuscany Real Estate