Thanx Brad. It is very complicated. Initially people do not realize how complex it is and how we have to set up our finances in order to apply for residency. It makes us more responsible for this process. GIna in Upstate NY USA moving to Italy/Portugal
@BradsWorld
Ай бұрын
Thanks Gina!!
@jakedickinson9458
Ай бұрын
You should alert your viewers about the 7% Tax Scheme for living in Southern Italy in villages with less than $20,000 residents. Also there are numerous villages in Lazio, Abruzzo and Umbria that also qualify for the 7% tax scheme.
@BradsWorld
Ай бұрын
Didn't want to get into it in this video as it was very basic. A good website for that is www.StudioLegaleMetta.com. I personally don't think it is such a great idea. Yes you might shave a little money off your tax bill, but you may end up paying a lot of it back to where you came from since you will still be liable in your home country for taxes after you pay Italy. I also don't like the idea of having to live in a small town in the poorer provinces. There's a reason why they're trying to get people to move there. I'd like to have nice stores and ample medical care near me. I also worry about the temperatures in the very southern parts of Italy which are already approaching 50°C. Just things to consider everybody's different
@yvanapantino273
Ай бұрын
You are so generous of your time and knowledge. I thank you for it.
@BradsWorld
Ай бұрын
My pleasure!
@andrewtaylor9799
Күн бұрын
Thanks, this answered a lot of questions. I would be in Italy as a retiree, living on pensions and personal assets. I'm already on medicare in the US, so the inexpensive medical care offered by Italy is less advantageous for me. As a US citizen, my main goal is to be able to spend more that 3 months at a time in Italy and Europe, and the Retirement Visa that Italy offers could help. Not sure I want to deal with the complexities of handling taxes both in Italy and the US though.
@BradsWorld
17 сағат бұрын
Everyone should consult a tax specialist. If you use one in the US, make sure you use one that specifically knows international tax law. I’ve had my same accounting firm for 35 years since I was in my early 20s. They do not know international tax law that well and it’s like this huge wealth management company. Find a specialist and get your answers. And cheaper healthcare is only one reason to move here. I think our living expenses are less than 1/3 of what they were in the US. I can pay my rent for my three bedroom farmhouse here for less than $10,000 a year. That’s cheap and we live in an expensive area.
@robjus1601
Ай бұрын
Wow loved that you included pictures of the Trentino/Tyrol.
@BradsWorld
Ай бұрын
Glad you liked it!
@222drewdrew
Ай бұрын
Thx Brad. Very informative
@BradsWorld
Ай бұрын
You are welcome! BRAD
@robjus1601
Ай бұрын
Great info!
@BradsWorld
Ай бұрын
Glad you think so!
@TiernanMcKay
Ай бұрын
Great info!! Love videos like this.
@BradsWorld
Ай бұрын
More to come!
@jonimarchese7655
Ай бұрын
Ciao Brad, this was very helpful, Grazie, how about taxes for retirement, is all that in your book? Grazie Mille.
@BradsWorld
Ай бұрын
Not really retirement. It is a book about buying real estate, not being an expat here... Hope you like it!
@celticwarrior777
2 күн бұрын
1600 month in usa for healthcare wow
@celticwarrior777
2 күн бұрын
Wow really so once you take re sidency you have to pay tax on all your income you make globally. So if you stay longwr than 6 months youll pay income tax. 21 per cent of gross income made in Italy. Yeah same as uk i think.
Пікірлер: 22