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Clifford Chance

Clifford Chance


Tax bill for real estate companies may increase considerably as Italian Government curbs deduction of interest expenses on mortgage loans

5 December 2018

The Italian Government has finally approved the Legislative Decree (the "Decree") implementing the EU "anti-tax avoidance" Directive (ATAD) 2016/1164. The Decree, which has not yet been published in the official gazette, contains significant tax measures, including a new limitation on the deduction of interest expenses on loans secured by mortgage on properties held to be rented out.

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