Joined Chambers of the Supreme Court of Cassazione issued a judgement arguing that the transfer of air rights is not a right in rem, but it may be regarded as a building right with asset value.
This judgement goes through the matter considering register, mortgage and cadastral tax implications.
However the grounds of the judgment also contribute to define the conditions for charging VAT.
Supreme Court of Cassazione, Joined Chambers, No. 16080 of the 9 June 2021 (in Italian)
Gianni & Origoni
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