As of Monday 6th December 2011, the limit of cash that can change hands in any transaction was reduced to € 1000. This is the third reduction of the limit in little over 18 months.
IMU – nothing to do with Rod Hull – just our old friend ICI under a new name. The change comes into force from January 2012. This municipal tax will now be due on all houses, including main residences, prima casa, holiday homes etc.. That means if you own any property in Italy you will now need to pay the new IMU.