It is increasingly common, for a person resident in Australia, to inherit assets located in Italy from either a brother or sister who died in Italy. Let's see what tax requirements an Australian-resident must comply with according to the Italian Law to acquire the ownership of the inherited assets. According to Italian law, the first step is to file the succession declaration; this is a tax document disclosing to the Government the value of the inherited assets. By lodging th

Beneficiaries’ independent right to collect shares. Order No. 28935/2025 issued by the First Civil Section of the Italian Court of Cassation ruled on the important and timely issue concerning the management of joint postal savings accounts with an "equal right to reimbursement" clause in the event of the death of one of the joint account holders. The case is particularly useful in shedding light on the rights of Australian citizens who, when dealing with the distribution of a

The tax code is the Italian equivalent of the Australian Tax File Number. It is used to identify an individual, whether a natural person or a legal entity, intending to conduct a business with tax implications. The tax code is also required in several cases for citizens residing in Australia. One of the most frequent cases is when an Australian resident inherits property located in Italy. If so, in order to claim the assets, the heir residing in Australia shall provide the It

The Apostille It may happen that a person living in Perth, who owns a property in Italy, dies leaving a will drawn up in Australia. In order to obtain ownership of the property, the beneficiaries of the deceased estate shall enforce the Australian will in Italy. Let's see what the heirs residing in Perth shall do to enforce in Italy a will executed in Australia. According to Italian law, either for a public deed, a certificate, or a judicial document issued abroad, for exampl

Where a person resident in Australia is inheriting a sum deposited either on a Italian bank account and/or savings account and/or invested in financial instruments, certain documents shall be prepared, both in Australia and in Italy, to be submitted in the latter country to finalise the transfer of those funds to the beneficiary. 1. Documents to be prepared in Australia To set out the payment process, the following documents are required: • the deceased's death certificate; •

In Italy, a death certificate can be issued either by the Civil Registry Office of the Municipality of the deceased person's last residence, or the Municipality where the death occurred. It is an official document issued by a public officer.   The Apostille and the Hague Convention   The Hague Convention of October 5, 1961, simplifies the reciprocal recognition of official documents between signatory countries. Italy and Australia are both signatories to that Convention.   By

1. An Australian resident, who is the beneficiary of a deceased estate located in Italy, is required to prepare and file some documents in order to register the property under his/her name. 2. Documents to be prepared in Australia These are the documents required in order to set out the property registration process in Italy: • The deceased's death certificate. • Grant of Probate with the attached will (if applicable) issued by the Probate Registry. These documents shall be t

You may find yourself needing to handle procedures or sign documents in Italy, even when you live overseas. If so, the best solution would be to entrust someone to act on You may need to handle affairs or sign documents in Italy while living overseas. If so, the best solution would be to entrust someone to act onyour behalf: this option is called "power of attorney." Let's look at it in simple terms, how it works, and what's needed to obtain it. What is a Power of Attorney? A

The first paragraph of article 524 of the civil code provides that "If someone renounces, albeit without fraud, to an inheritance to the...

The solicitor/party costs agreement entered in compliance with the provision of art. 1261 of the Civil Code, would be deemed as a valid...

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http://www.judicium.it/grounds-for-refusal-of-recognition-of-foreign-judgment-developments-and-perspectives-eu-member-states-public-order...

For the purposes of granting the Italian citizenship, the residency in the territory of the Republic for a minimum period of ten years...

The Joint Sections of the Court of Cassation have issued the order n. 24608 of 2 October 2019, whereby they have ruled with respect to...