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24 April 2008 | Newsletter 2
Welcome to our second
newsletter. We will keep you up to date on our
developments
and provide
some information about Italy that you may find useful - in
this edition a little
about capital
gains tax, golf and the Umbria Jazz
Festival. |
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Gubbio - flythrough
launched
We have used the latest computer graphics
technology, combined with photographs to produce a full
four-minute flythrough for our San Vittorino development
near Gubbio in Umbria. This enables you to see and
understand the whole development of eight homes and the
style, well before the renovation and landscaping has
been completed.
Visit our website www.ultissimo.com to see the exterior property views
on the flythrough. If you would like to see the
full DVD, which includes interior views, then please
contact us on info@ultissimo.com. We
will send you a copy of the DVD, which you can then
view on your television screen for best
effect. | |
Sterling
prices |
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Given the recent changes
in the Euro exchange rate we have adopted Sterling guide
prices for the remaining properties at Rancale and the
attractive off-plan terms available at San Vittorino near
Gubbio. This eliminates an area of possible uncertainty
for UK purchasers. Contact us if you
would like further information.
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Golf in Umbria
The Trent-Jones designed
golf course at Antognolla, just 5 minutes' drive from our
Rancale development, has recently been reopened under new
ownership. The challenging 18 hole championship course
now benefits from a newly restored clubhouse. Green fees
and clubhouse prices are very good by UK standards and the
course is uncrowded so it is easy to play whenever you
wish. |
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Umbria
Jazz Festival
Jazz
enthusiasts list three great jazz festivals which take
place each year - Montreux, Chicago and Umbria. We
are really fortunate that the Umbria Jazz Festival is
based in Perugia, within 30 minutes drive of our Rancale
and Gubbio properties.
From
11 to 20 July 2008 the historic streets of Perugia
will be filled with music lovers from around the
world. The sounds of every form of
Jazz will emanate from bars, restaurants
and street corners, creating a fantastic
atmosphere. The festival has attracted some of
the biggest names in Jazz over the
years. Musicians Dizzy Gillespie, Stan Getz, BB
King and Miles Davis have all performed here.
This year Herbie Hancock and Sonny Rollins
are amongst the confirmed artists and for the
festival finale on the 20th, American super
group REM take to the stage.
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Capital Gains Tax -
the plain facts
There has been
widespread press comment that second home owners need
pay no capital gains tax on selling an Italian property
if they have owned their Italian property for 5
years. This is hugely misleading as for UK
taxpayers there is still UK capital gains
tax to be paid in the UK.
The real story is that
from April this year UK capital gains tax was reduced to
just 18% on the sale of an Italian property. And if you
have owned that Italian property for more than 5 years
then there is no additional tax payable in Italy.
This has significantly enhanced the financial attraction
of buying Italian property.
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If you do not wish
to receive our newsletter in the future please let us know at
info@ultissimo.com.
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Ultissimo Ltd. registered address 41a Bell Street,
Reigate, Surrey RH2 7AQ United Kingdom. Registration number
05663968. VAT
number 935 5623
10. |
