- The Italian Revenue Agency confirmed that the sale of a depreciable asset is excluded from the calculation of the VAT deduction pro rata. The case involved a non-profit entity selling a property used for its main commercial activity, which is running a retirement home, and its secondary activity, which is renting out two buildings. One of these buildings needs to be sold due to financial needs related to renovation work on the retirement home. According to Article 19-bis, paragraph 2 of DPR 633/72, the sale of depreciable assets does not contribute to the pro rata calculation.
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.
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