The transfers of real estate assets belonging to the assets of an AIF in favor of another fund, both managed with separate accounting by the same SGR, given the lack of legal subjectivity of the aforementioned AIFs, must be treated as “internal transfers of assets” between separate assets , which are relevant only when the goods pass to an activity that confers the right to deduct VAT to a lesser extent than the extent of the deduction conferred by the activity to which the goods object of the internal transfer were attributed.
Source: ipsoa.it
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