Expat Community > Italy

dmduncan64
Joined 2017
Posts: 1

Taxes on Savings/Trusts

9 years ago

Hello. Lots of good input on Italian Taxes.

I have a question regarding "non income".

Wife and I are US Citizins but will be moving to Italy via an Elective Residency Visa.

We are using a US savings account to pay our expenses, and have another bucket of $ that is invested in stocks and owned by our trust in the US.. In 3-5 years we will replenish our savings from the trust.

I am thinking the only annual Italian tax we owe would be wealth tax on the savings account balance each year and possibly ?income tax when we move trust $ over to savings.

We do not receive any SS or pensions so no income. The stocks do make dividends but is owned by the trust.

Thoughts on this logic?

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