One retired couple moved from Britain to an abandoned village where they have taken advantage of a special tax rate for foreign retirees
A retired couple recently moved from Britain to a picturesque ghost town in Italy where they can take advantage of a special tax rate of only 7 per cent for foreign retirees.
Mrs Thompson worked for 30 years as a private employee in the sustainable energy sector, while her husband ran an interior design company. The main requirement for applicants is having a passive income, such as a pension, of €38,000 per couple or €31,000 per person, and picking up fiscal residency in Italy.
“The flat tax rate is valid for a duration of 10 years, so it’s possible to move away from Calascio as long as we pick another eligible small town in order to continue benefiting from the flat tax. If we get to that point in time and are still healthy, a cosy Sicilian village will be our next home”, says Mrs Thompson.The couple says there is a great amount of work that goes into the legal preparations in Italy if you want to actually live there.
From the 17th century, several earthquakes hit the region, and Calascio was partly destroyed. By the 1800s, residents began to leave, until it was mostly abandoned.
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