New tax regime for listed real estate investment companies
Law no. 296 of 27 December 2006 (the 2007 Italian Budget Law) has introduced, inter alia, a set of rules concerning a new tax regime for listed real estate investment companies (Società di investimento immobiliare quotate (SIIQs)).1 In particular, the new law allows eligible SIIQs to benefit from a 100 per cent exemption from Italian corporate income tax (IRES) and from regional tax on value of production (IRAP) on profits derived from the lease of real estate assets.
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