Italy's proposed exit tax could boost Monaco's appeal
By Zak Jackson, MonacoViews Editorial
Giorgia Meloni's government is weighing a 26% levy on unrealised capital gains for wealthy Italians who relocate abroad.
Italy is considering a new exit tax that would hit wealthy residents who decide to leave the country, a move that could make Monaco an even more attractive option for those looking to relocate. The proposal, put forward by Giorgia Meloni's government, would impose a 26 percent tax on unrealised capital gains for departing residents holding significant assets.
For Monaco, which already draws a steady flow of Italian entrepreneurs, executives and family offices, the measure could accelerate interest in residency here. The Principality's tax regime, with no personal income tax for most residents, has long been a draw for those relocating from higher-tax jurisdictions across the border.
Italian nationals already make up one of the larger groups among Monaco's international residents, with many commuting from or maintaining ties to Liguria and Piedmont. Property agents and wealth advisers in Monaco will be watching closely to see whether the Italian proposal moves from draft to legislation, and what it might mean for demand in the residential market here.