Additional proceeds from the sale of shares

Companies with real estate assets located mainly in Italy.

© Photo: Freepik

A provision contained in Finance Law 2023 provides that excess proceeds realised by non-residents on the sale of shares in foreign companies will be taxed in Italy if more than half of the value of the company is directly or indirectly attributable to immovable property situated in Italy, except for immovable property considered as merchandise or directly used commercially for business activities.



Armin Toll – WP/StB.

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