The applicant company, ALFA S.p.A. (hereinafter, also ”ALFA”) is one of the leading Italian general contractors for the construction of complex works, including infrastructure roads and highways also under concession, tunnel works, airports, dams, industrial infrastructures, railway constructions and health and residential.
The ruling deals with the question if the newly-build residence by ALFA is subject treated as the (taxable) sale of a building or the (exempt) transfer of a business.
“Ultimately, on the basis of the facts, data and elements represented, uncritically assumed as set out in the request for a ruling, it is believed that the transaction described can be qualified for VAT purposes as a sale of property falling within the scope of VAT , pursuant to art. 2 of the Presidential Decree no. 633 of 1972.”
Source: gov.it
Note: Ruling 404 is not to be mixed with Error 404
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