Newsalert Tax Department - “Tax free” step-up for real estate assets of entities operating in hotel and thermal sectors


Art. 6-bis of Law Decree no. 23 of 8 April 2020 (“DL Liquidity”), as converted into Law no. 40 of 5 June 2020 (published on the Italian Official Journal no. 143 of 6 June 2020), introduced for entities operating in the hotel and thermal sectors the possibility to step-up the value of the real estate assets accounted for in the financial statements as of 31 December 2019 without the payment of any substitute tax or other taxes.


See an analysis on the newly introduced provision in the Alert by our Tax Department