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Italy: Tax incentives for real estate, leasing sectors

Italy: Tax incentives for real estate, leasing sectors

The Italian parliament in late June 2019 amended and converted Law Decree no. 34/2019 into law. The new law decree includes tax incentives for the real estate and leasing sectors.


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Among the measures in the law decree are amendments to earlier law concerning securitization of real estate companies and leasing companies with regard to what are referred to as "unlikely to pay" receivables. The new law decree provides measures for facilitating the disposal of non-performing loans owned by banks and financial institutions through securitization operations.

There are also measures concerning:

  • Tax incentives for real estate companies and leasing companies, including transfer tax incentives
  • Tax incentives for the real estate sector with regard to property development projects

Read a July 2019 report [PDF 183 KB] prepared by the KPMG member firm in Italy

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