Newsalert Tax Department | The new interpretative rule on tax free step-up for entities operating in the hotel and thermal sectors

taly approved a new interpretation provision to clarify that the tax-free step up of the fiscal value of real estate assets of the hotel industry is applicable also to hotel buildings leased to third parties, pursuant to a lease agreement or a lease of going concern.
Under the same provision, the tax-free step up is applicable also to hotel buildings under construction or refurbishment (thus temporarily closed).

Our professional of Tax Department analysed the provision.