Prices in the Valdera region of Tuscany, where our portfolio of developments are located, are currently some 50% lower than in the neighbouring Chianti region. The Sunday Times has gone to print quoting 10 – 12% as the steady capital growth in the Valdera region of Tuscany (1st June 2005) while some experts expect prices to rise to Chianti type levels by 2008/2009, making this an ideal opportunity for the early investor.

Projected capital growth of 10%, compounded over 10 years could see a €120,000 property valued in the region of €311,249 after year 10; a massive €191,249 profit, or 259% of its original value.

Our developments fulfill all the criteria for a sound buy-to-let investment; A superb location in the heart of rural Tuscany yet just half an hour from Pisa Airport, The highest standards of build and finish (as demanded by the more affluent holiday makers who frequent Tuscany), and easy access to the regions most celebrated attractions including Florence, Sienna and the Chianti region. And there’s more. As a freehold owner you will benefit from a guaranteed rental scheme and local management services to oversee the upkeep of your property. If you wish, you can also enjoy your property yourself, for up to six weeks a year, without diminishing the rental returns.

Taxation
An individual is regarded as tax resident in Italy if:

• He or she is physically present in Italy for more than 182 days in any
  calendar year; or.
• His or her main home is in Italy, or
• He or she has his/her centre of business or economic interests in Italy

There are other rules that can capture you as a tax resident in Italy. It is impossible to give tax advice without detailed knowledge of your personal circumstances. You should, therefore, treat this document as no more than background reading designed to give you some idea of the structure of the tax system in Italy.

We can accept no responsibility for any action that you take or fail to take as a result of reading this document.

The Italian tax system is more complex than most and taxes in Italy seem to change more than in any other country we deal with – and to be subject to a wide range of interpretation! You will need to seek up to date advice.