New interpretation of the tax-free step-up regime for taxpayers in the hotel and spa industry
21 March 2022

On last 1st March the Italian Tax Authority changed its prior restrictive guidelines and significantly extended the scope of application of the tax-free step-up regime for hotel assets.

Which are the main features of the new interpretation?

Is this regime still applicable for taxpayers that already elected for the “standard” tax-step up in 2021?

Our Real Estate Focus Team breaks down the above issues in the document available here.