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Deductions on tax liability for foreign property income

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Deductions on tax liability for foreign property income Empty Deductions on tax liability for foreign property income

Post by Jocko Fri Jun 27, 2014 12:14 am

Does anyone know if expenses such as mortgage interest are deductible in relation to rental income from UK property (as is the case in the UK system) for Italian residents? I read somewhere online that this is the case but when speaking to a commercialista today, he didn't seem to think so.

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Deductions on tax liability for foreign property income Empty Re: Deductions on tax liability for foreign property income

Post by modicasa Fri Jun 27, 2014 4:50 am

Yes, there are deductions for a rental house, but afaik this does not inlude mortgage interest - which you can claim for your primacasa.  But, as you cannot rent out your prima casa, no deductions.....

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