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Italian Inheritance Law (also known for Italian Succession Law) is primarily ruled by the Italian Civil Law and by the Regulation (EU) No. 650/2012 of the European Parliament and of the Council of 4 July 2012.
Generally speaking, Succession under Italian Law is a procedure to transfer all assets and liabilities to the heirs and it will define the share of inheritance to each party.
Type of Succession in Italy
There are basically two types of succession:
Statement of Succession or Declaration of Succession
The first step to be taken after a demise is to start with the “Dichiarazione di Successione” (in English, Statement of Succession or Declaration of Succession). In order to carry out this procedure, it is required to gather the following documents*:
The Statement of Succession has to be submitted within 12 months from the day of the death, and it must be kept in mind that some of the above documents may not be easy to gather.
The declaration of succession can only be submitted electronically by the authorized subjects such as CPAs or CAF offices. The declaration must be completed and forwarded through the Italian Revenue Agency website by submitting the declaration of succession. Remember that the interested party is also required to pay the mortgage (and its taxes), cadastral taxes, stamp duties, and any other special taxes.
*When gathering all the documents, it is important to check the latest version of the required documents.
**If you are not familiar with Italian taxes, calculating it by yourself may be difficult, therefore, it is better to ask for a professional support in this phase.
Ph.D in Law at University of Bologna. She specializes in European Union Law and she is the Head of Japanese Desk. She is mother tongue Japanese and Spanish and speaks fluently Italian and English.
Mazzeschi S.r.l. | Operazione/Progetto finanziato nel quadro del POR FESR Toscana 2014-2020
Il progetto ITACA (ITaly Attract ChinA) è un investimento nei paesi/mercati a lingua cinese, in particolare Taiwan con l’obiettivo di accrescere le quote di mercato dell'azienda. Tramite ITACA la Mazzeschi Srl ha aperto un ufficio a Taiwan con assunzione di personale di lingua cinese, creato un sito internet in lingua cinese e partecipato a fiere e varie attività di promozione a Taiwan.
Mazzeschi S.r.l. | Project co-financed under Tuscany POR FESR 2014-2020
The ITACA project (ITaly Attract ChinA) is a fund to invest in Chinese-speaking countries/markets, in particular Taiwan with the aim of increasing the company's market shares. With the help of ITACA project, Mazzeschi Srl has opened an office in Taiwan and has hired a Chinese-speaking staff, created a Chinese website and participated in fairs and various promotional activities in Taiwan.