Italian tax authority confirms the tax regime applicable to real estate securitization vehicles


This Tax Law Update is available in Italian only.

The Italian tax authority clarified for the first time the Italian tax treatment applicable to real estate securitization structures in letter ruling no. 132, published on 2 March 2021 ("Ruling").

The Ruling provides clarity on most of the tax issues applicable to these new securitization structures laying the basis for securitization vehicles to be considered as feasible alternative structures in Italian real estate.