Italy Forum

LisaC1
Joined 2016
Posts: 220

7 years ago

Tax Questions USA/Italian Dual Citizems

7 years ago

My husband and I are dual US/Italian citizens planning on moving to Italy in the next year or so. We will be living in Italy for about 10 months out of the year. We will be retired once we move over, although my husband may look for some part-time work in his field. We will be eventually selling our home in the US. We are trying to find out the following:

1. If it is possible or desirable from a tax standpoint to get a mortgage for about 1/2 of the purchase price of a house to get a mortgage deduction on our taxes. We know it is difficult to get a mortgage in Italy. Is it feasible to get one from either a US or international bank?

2. Italian tax rates for capital gains, ordinary income, dividends, social security.

3. How to keep US bank and investment accounts, drivers licenses in the US. Do you need a US address and if so, how have others dealt with this?

4. Wills - how do assets get dealt with for dual citizens who are Italian residents? The bulk of our assets, aside from the house we purchase, will remain in the US.

Thanks so much for any help you can give. There is a lot of information that we need to find out for planning purposes.

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Living in Italy Guide

Expats in Italy discuss the pros and cons of living in Italy. From bureaucracy to expensive cities, Italy can be a challenge. Most expats find that the amazing food, charming countryside, beautiful beaches and public healthcare make up for the cons.

Italy Forum
Join our Italy forum to meet other expats and talk about living in Italy.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Italy.

Best Places to Live in Italy

If you're considering a move to Italy, here are the 15 Best Places to Live in Italy in 2023.

Healthcare in Italy

An overview of the healthcare system in Italy - public and private hospitals, Servizio Sanitario Nazionale (SSN), getting your Tessera Sanitaria (healthcare card), Covid-19 entry requirements, vaccinations for Italy, prescription medication availability and more.

Cost of Living in Italy

Expats offer insight into the cost of living in Italy.

Moving to Italy Guide

Expats moving to Italy envision a romantic lifestyle in one of the most beautiful countries in the world. However, it is important to make sure that you do comprehensive research and fully understand what it will mean to move to the city, town or village you choose.

Real Estate in Italy

Real estate listings in popular cities and towns in Italy.

Pros & Cons of Living in Italy

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Italy.

Retiring in Italy

Advice for people retiring in Italy.

Italy Visa & Residency Guide

Expats share their experiences obtaining residency in Italy. They discuss the ins and outs of the applying for the permesso di soggiorno, recent travel issues, permanent residency in Italy and more.

10 Tips for Living in Italy

If you've recently arrived in Italy, here are 10 tips for digital nomads living in Italy.

Additional Information:

Visit our Italy Index for a Full List

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Contribute
Help others in Italy by answering questions about the challenges and adventures of living in Italy.