Since leaving the European Union, the UK is now considered a “third country”. As a result, it is now a legal requirement for all non-residents of Portugal who own property, hold a bank account or have a business there to appoint a tax representative. If you don’t, you could face fines of up to €7,500 – scary, right? But don’t panic – the deadline for finding a tax representative has been extended until 30 June 2022, thanks to Covid-19 disruption, so you still have plenty of time.
A rumour caused consternation among overseas buyers in Italy recently – especially from the UK – which said that non-residents of Italy were not allowed to buy a property there. We asked our lawyer to explain why holiday homebuyers in Italy shouldn’t be panicking!
Thousands of British people have made the move to Italy in the past few weeks – and many more are still in the process – as they beat the Brexit transition door closing. So, what do you need to do as soon as you step off the plane?
With Brexit “done”, British people planning a move to Italy have until the end of the year to ensure a hassle-free move or retirement there. Here is what you need to do to be a legal resident in Italy.
The British Prime Minister’s mention this week that his government is planning to abandon the plan to ensure all EU migrants to the UK must be coming for jobs paying over £30,000 suggests that “freedom of movement” could be less of an issue than anticipated for those moving to Italy. Indeed, for most people looking for a new life in Italy, Brexit shouldn’t be the end of your plans, but just the start!