Newsalert | Tax 18/01/2024

The Italian Tax Authority's Resolution No. 76, issued on the 22nd of December 2023, provides important guidelines on the taxation of capital gains realized by non-resident investors from the sale of participations in Italian real estate funds, confirming the tax exemption for foreign investors if certain requirements are met.

Chiomenti professionals analyzed the resolution that ensures symmetry in tax treatment and highlights distinctions between OICR units and company shares. Specific aspects of the new regime still await clarification.