- A construction company may face the request of two buyers who want to acquire usufruct and bare ownership of a property
- The correct VAT rate applicable in this case is a topic of discussion
- The usufructuary may be eligible for the first home tax benefits, while the bare owner may not
- The VAT rate for the acquisition of usufruct is 4%, while for bare ownership it is 10%
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
