The succession declaration must be filed within 12 months from the date of death. If late, penalties from 30% of the tax due apply, plus late-payment interest.
Not always. The declaration is not required if the estate goes to the spouse and direct relatives, the gross assets do not exceed €100,000 and include no real estate.
Yes. Renouncing an inheritance is possible and is irrevocable once made. It must be done by declaration before a notary or the court registrar.
It is a form of acceptance that limits the heir's liability for the deceased's debts to the value of the inherited assets.
Under EU Regulation 650/2012, the applicable law is generally that of the country where the deceased had their habitual residence at the time of death.
Yes. The process can be handled remotely via power of attorney or directly through the Italian Tax Authority's online portal.
If the estate value falls within the allowance (€1,000,000 for spouse/children), no inheritance tax is due. Mortgage and cadastral taxes are fixed (€200 each) if the heir establishes residence within 18 months.
Costs include inheritance tax, mortgage tax (2%) and cadastral tax (1%) on real estate, stamp duties and fixed charges. A specific quote is needed for professional fees.