Tax Key News – Real Estate| 2

Our review on real estate taxation
Highlights
- Tax free step up of assets for entities operating in the hotel and thermal sectors: interpretative rule concerning the scope of application of tax-free step-up of assets
- Conversion of a joint-stock company into a real estate SICAF: Italian Tax Authority’s guidelines on the tax regime of the conversion (Ruling No. 220/2021)
- Revocation of trust and real estate properties: Italian Tax Authority’s guidelines on the indirect taxes on the transfer of assets to the settlor (Ruling No. 352/2021)
- Sale of “building rights” (diritti di cubatura): the Italian Supreme Court confirms the application of registration tax at 3% (Italian Supreme Court, Joint Divisions, decision No. 16080/2021)