Hello Nick and many thanks for the fast reply!
I know that most countries are doing this nasty thing. But it concerns income.
If one merely has property in another country, which he isn't renting, so there is no income... Is it still mandatory to declare such property to the italian taxman ?
And could you please explain in more detail, what do you mean exactly by "You would have an offset for taxes paid abroad" ?
Many thanks and sorry if some of my questions are repeating, I just need to be sure, this is why I'm asking so much :-) Thank you!