Treviso Airport TSF Venice

There are 2 airports near Venice.

The nearest to Venice and the largest of the 2 is the Venice international airport which is called Venezia Marco Polo, airport code VCE, located 15minutes of Mestre, just across the water from Venice to the mainland.

The smaller airport called “Venezia Treviso” that is Treviso airport code TSF is 30 mins north of Venice. This airport is used by the budget airlines like Ryanair.

Please don’t confuse the 2 it could spoil your onward travel to Venice.

Treviso airport TSF Venice Venezia

Actualy  its quite a cute little airport. Well connected to local Italian transport infrastructure.

In the airport:

Arrivals is on the ground floor. There is a good tourist desk, a caffe bar and the car hire firms only. Oh there is also a Cash machine…good.

Departures take the escalator to the first floor, where there is a shop, little restaurant and waiting lounge before security control. Read the rest of this entry »

22/5/11 : Todays eruption of Grimsvotn has only affected flights in Iceland so far.

The text below was posted in April 2010 :

Volcano eruptions in iceland have sent ash into the stratosphere and all flights in/out of the UK are cancelled. Holiday travellers heading for a holiday in Italy should check your airline website to confirm if your flight is leaving. Today Thursday no flights are leaving the UK. Many flight from Italy to the UK have been cancelled. Italian airports are affected by this dust cloud / ash cloud / ash plume. Internal domestic flights in Italy are operating.

Monday 19/4 update : In the UK there is a Cobra meeting to address the international travel issue. All airports in UK closed till tuesday 1pm local time. Ryanair cancelled flights for travel upto wednesday.

If you are travelling America to Italy, go via Rome/Milan, not UK.

Northern Europe airports are all closed. Try to use Spain as your nearest airport to northern europe and then travel onwards by land or sea.

I’m looking at getting the train from Northern England to Sicily. its a 2 day journey….will keep you posted.

Eruzione di un vulcano. Voli per inghilterra cancellato.

Milan city marathon sunday 11th April. A beautiful morning, clear skies and no smog. Trying to find a property downtown milan then running the marathon is one way to have good look round milano italy. For you couch runners try RAI3 channel and see the city centre milan. 2 bedroom apartment in Milan city centre at 500 euros per week or weekend rates available for that city break in Milan.

Germany to Sicily / Deutschland nach Sizilien

Easter in Sicily then consider flying AirBerlin to Palermo PMO airport.

There are connecting flights from :

Palma, Nice (Nizza), Zurich, Stuttgart, Cologne (Koln), Dusseldorf, Munster, Sylt, Hamburg, Hanover, Berlin, Munich (Munchen), Salzburg, Vienna (Wien), Malaga, Algier.

BEckham during last nights game for AC Milan against Chievo in the seria A in Italy first got kicked in the face and suffered heavy bleeding and then unchallenged broke his Achilles tendon. David rumured to be buying George Clooneys italian villa on the italian Lakes rested in a Milan hospital overnight before heading off to FInland for surgery. Beckhams chances of playing in the world cup finals for England are now very slim.

BEckham is on transfer from LA Galaxy in his second season in the italian premiership. Milan beating CHievo 1-0 are now 1 point behind the leaders. After his return to Manchester last week this is probably the start of a sad end to David’s football career…well at least he can rest and enjoy the italian lakes in his house in Italy….auguri.

Italian Limited company SRL

Further to recent investigations regarding using a UK limited liability company with registered branches in Italy or setting up an independent Italian corporate identity i would like to further discuss the Italian limited liability company known in Italy as SRL (Società a responsabilità limitata), literally translated as “company with limited responsibility.” And similar to a UK ltd company.

For those of you considering DIY restoration of your Italian property, there are certain options. Read the rest of this entry »

I am doing some research into opening an Italian branch of a UK Ltd business. The italian branch will operate locally and employ italians. A new SRL (italian limited company) is 1 obvious option but I am interested to hear if anyone has used ONLY their UK Ltd company corporate structure to operate in Italy and con share their experience about either of the following italian solutions a) opened a “sedi secondarie” a full secondary head office which should be registered in the “Registre Imprese” Camera di Commercio (Italian Chambers of Commerce) OR  b) opened a “unità locali” like a small office which only needs registering at the “REA Repertorio economico e amministrativo” (sub category of “Registre Imprese”).
Please outline :
A: Difference between a) or b).
B: Costs of solution a) or b).
C: Benefits : tax& operational of a) and/or b) compared to the SRL option
Please focus on the corporate structure and tax issues. This is not a question about employment in italy or INPS or INAIL in Italy.

Income Tax Italy IRPEF

I was just advising some clients about income tax on the rental income for thier italian property and thought you may wish to know the personal income tax rates in italy, locally know as IRPEF

There is no tax free income. The following is for income raised during the financial year 2009 upto 31/12/09. In Italy the tax year is the same as the calender year.Tax returns on the Mod 1 due 31.5.10.

First 15,000 euros taxed at 23%

Further income from 15000 – 28000 taxed at 27%

Further income from 28000 – 55,000 taxed at 38%

Further income from 55000 – 75000 taxed at 41%

Anything above 75000 taxed at 43%

So an income in Italy  of 100,000 euros would result in an italian tax bill of

15000@23%=3450

28000-15000=13000@27%=3510

55000-28000=27000@38%=10260

75000-55000=20000@41%=8200

100000-75000=25000@43%=10750

For a total tax bill of 3450+3510+10260+8200+10750=36170

Thats 36.1% italy income tax IRPEF on a 100,000 italian income…How does that rate to your countries income tax rate…post comments to let us know.

You too can PLAY the superenalotto in Italy follow this link to read how Superenalotto.

George Clooney was spotted in Como with his girlfriend Canalis at an official italian superenalotto game shop. Apparently he bought 1000 sisal lottery tickets and Miss Canalis played 500 lotto in italy games for a total spend of 1500 euros. Rumours state they will donate any italian superenalotto jackpot winnings to Haiti. Today the lottery jackpot in Italy is over 130 million euros !!!! Click here for the latest italian lottery results
You too can PLAY superenalotto in Italy follow this link to Superenalotto.

A property in Italy is given a rateable value by the Ufficio di Entrate (tax office) called valore catastale. It is important when you buy a house in Italy to be informed of the rateable value as some of the notary fee is based on this value. If you do a property search requesting the visure catastale the rentable value rendita catastale will be declared. Multiply the rendita catastale by 126 to calculate the valore catastale.

In some cases often in the south of Italy the valore catastale (rateable value) can be higher than the actual market value. Be careful as the notary will declare both values and any large difference may attract an italian finance police (la finanza) investigation. What you believe a bargain the finanza may believe you were purposely understating the value of the property thus tax avoidance by assisting the seller to avoid higher capital gains tax.

To avoid this you can request a perito quantity surveyor to officially value the property and produce a report called relazione di perito where the quantity surveyor swears in front of a judge his valuation of the property. Give this copy to the notary and ensure he makes reference to it in the atto di vendita final purchase deed.

This means you will pay lower notary fees “purchase taxes” and not be accused of tax avoidance.

Of course if the market value is higher than the catastal value then you don’t need to worry about this issue.

The above is an extract from the MIPC “Italian Property Consultant” ebook. Subscribe to our newsletter to receive similar italian property news.

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If you plan to buy a property in Italy always engage a professional Italian Property Consultant.