Airport Hangar Transfer Payment Subject to Standard VAT Rate, Italian Tax Agency Clarifies

• The airport concessionaire must pay VAT at the standard rate for taking over an assignment of a hangar.
• This payment is considered compensation for an obligation to act.
• The Italian Revenue Agency clarified this in response to a query.
• ALFA, the airport operator, requested an extension of its concession to include a hangar built by BETA.
• Approval was conditional on ALFA reimbursing BETA for the unamortized residual value of the hangar.
• ALFA agreed to this condition, and the hangar was assigned without changing the concession fee.
• The financial administration stated the payment to BETA was not merely compensation.
• ALFA paid to obtain the hangar’s remaining utility.
• ENAC assigned the hangar, requiring early termination of BETA’s agreement.
• The payment was for the early release of the hangar, making it subject to VAT.

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.