Italy MOF Clarifies Registration Tax Liability of Asset Management Companies for Real Estate Funds

The Italian Ministry of Economy and Finance June 1 posted online Tax Court Decision No. 31/2026, clarifying registration tax collection liability for real estate investment funds managed by asset management companies (SGR). The taxpayer, an Italy-based asset management company, challenged registration tax payment notices for a real estate fund it previously managed. The taxpayer argued that it wasn’t liable for debts attributable to the fund after the fund replaced taxpayer as its manager. On appeal, the First Instance Tax Court of Milan held that: 1) claims related to 2018 ...