New rules on the taxation of the establishment of rights in rem (diritti reali di godimento): impact on RES plant construction costs

The Budget Law entered into force on 1 Jan. and introduced an important change to the tax regulation on the establishment by non-business entities (e.g., simple agricultural partnerships (società semplici agricole)) of rights in rem – other than usufruct – over real estate on which RES plants are to be built.

What is the impact of this new taxation?

Our Infrastructure, Energy & Ecological Transition Focus Team and our Tax Practice provide an overview of how things stood until the end of last year and of the initial impact of the new tax rule in the document available here.