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Italy’s Supreme Court Rules That No Transfer Taxes Apply To The Transfer Of Property Into A Trust: Is That True Also For The Gift Tax? | TaxConnections
With its ruling n. 975 issued on January 18, 2018 Italy’s Supreme Court held that the transfer of an asset (real estate property) to an irrevocable trust falls outside the scope of Italy’s registration, cadastral and mortgage taxes (transfer taxes), charged at the aggregate rate of 10 percent.