(English) Taxable status for ICI for Trust property (Sentence n. 89 06/07/12 provincial tax commission of Parma)

The Provincial tax commission of Parma with the sentence n. 89 pronounced the 6th of July 2012, confirmed the impossibility of tax allowance of estate in Trust from ICI (the most important Italian property tax), usually given when is the primary residence for the individual. The sentence highlighted also that is only possible to obtain the exemption for the property in Trust when is proven by the Trust deed that it has been established for a non-profit and assistance purpose. (the text of the sentence is available only in Italian, for any further information please write us: info@mpotrustee.it)