The Italian RND Regime
This case study looks at the Italian “lump sum" taxation regime introduced in 2017.
Key learning points
In this case study we look at the Italian “lump sum" taxation regime introduced in 2017 and its ramifications for international HNW clients moving to Italy.
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Background to the Italian lump sum regime
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Foreign pensioners regime
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Timing of departure from the UK and the Italian tax year
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Immigration issues
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Costs of the Italian lump sum regime and regional variations
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Taxation of UK rental income under the lump sum regime
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Taxation of non Italian portfolio gains under the lump sum regime
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Use of life assurance bond
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Capital gains on shareholdings
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Taxation of non Italian earned income under the lump sum regime
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Taxation on trust distributions
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Impact on lump sum regime if grown up children relocate too