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New Regulatory And Tax Provisions On Real Estate Investment Funds


The Italian government has published a Law Decree containing several tax measures aimed at enhancing the economy and simplifying certain regulations. Taxand Italy provides a brief overview of these measures.

Among the tax provisions, new rules have been considered with respect to real estate investment funds, both from a tax and regulatory perspective, in particular with a different qualification of the "plurality of investors" condition. Different income tax regimes will be applied for participants depending on the portion of the quotas held in the funds. In the event of funds without a plurality of investors a transparent tax regime will be applied.

Taxand's Take

The new regulatory and tax provisions may have an impact on the current projects of foreign investors that were envisaged to reorganise their holding chain in Italian real estate funds.

Your Taxand contacts for further queries are:
Guido Arie Petraroli
T. +39 02 7260591

Alberto Alfredo Ferrario
T. +39 02 7260591

Taxand's Take Author