Vallone di Sotto, a Tuscan villa listed for 1.5 million euros (US$1.71 million), on an 86.79 acre estate to be sold by Concierge Auctions via bidding starting July 25. Photo: Handout

Italy woos wealthy global investors with resident scheme that caps tax on global income at €100,000, abandons property ownership requirement

  • New Resident Regime Scheme, passed in 2017, caps annual tax liability on global income
  • Italy’s mainstream residential property market has been caught in multi-year downdraft, having shed about 40 per cent in value from 2007 to 2013
Topic |   European Union

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Vallone di Sotto, a Tuscan villa listed for 1.5 million euros (US$1.71 million), on an 86.79 acre estate to be sold by Concierge Auctions via bidding starting July 25. Photo: Handout
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