Investing in historic and protected properties: opportunities and constraints Historic properties hold a unique allure for investors, combining architectural beauty, cultural significance, and the potential for high-value repositioning. However, investing in buildings protected under heritage laws comes with specific constraints and responsibilities that distinguish them from ordinary real estate projects. Properties under cultural heritage protection [..Read more..]

Real estate taxation for foreign investors: taxes, capital gains and planning Real estate investments in Italy are subject to a multilayered tax framework that combines indirect taxes on acquisition, recurring municipal charges, income taxation on rentals, and capital gains rules that vary according to the holding period and the nature of the investor. For foreign [..Read more..]

Sterilisation of Covid losses: 2025 as a decisive year for corporations Following the entry into force of the Liquidity Decree (Decree Law 23/2020), which has been extended several times, and the resulting phenomenon of the so-called “Covid loss sterilization”, corporations were given the opportunity to “freeze” losses relating to the 2020-2022 financial years, derogating from [..Read more..]

Exclusion of a shareholder: the Supreme Court of Cassation clarifies the legal nature of the Company’s right of exclusion of a shareholder and the limitation period With Pronunciation No. 27804 of 18 October 2025, the Supreme Court of Cassation definitively resolved an important interpretative issue concerning the dissolution of the partnership relating to the limitation [..Read more..]

Global Corporate Sustainability Report 2025 The OECD (Organisation for Economic Co-operation and Development) has recently published the Global Corporate Sustainability Report 2025, which analyses how companies are adopting the sustainability recommendations contained in the G20/OECD Principles of Corporate Governance, including transparency in reporting, dialogue between shareholders and companies, board accountability and stakeholder engagement. Corporate sustainability [..Read more..]

The dematerialisation of limited liability company shares: Pronunciation n. 214 and 215 of the Milan Notarial Council open a new season of corporate law The Milan Notarial Council, with Pronunciation n. 214 and 215, recently intervened to clarify the scope of application of the so-called Capital Law (Law No. 21/2024), which introduced the possibility for [..Read more..]

Buying commercial properties for business use: warehouses, retail and office sites When a company acquires real estate for operations—warehouses, production sites or offices—the decision is both commercial and legal. Location determines logistics costs, access to labour and market proximity. Zoning and permitted use are decisive: industrial sites often require environmental permits and specific infrastructure, while [..Read more..]

Renovation and enhancement: Superbonus, incentives and strategies to add value Renovation can be the fastest route to capital appreciation, and Italy’s incentive frameworks—when applicable—significantly affect returns. Incentives for energy efficiency and seismic improvements (known in certain forms as Superbonus or related tax credits) can tilt project economics, but they come with strict technical and administrative [..Read more..]

Mortgages and financing for foreigners and companies: opportunities and procedures Securing financing in Italy varies by borrower profile. Resident individuals typically access standard mortgage products with competitive rates, while non-residents can still obtain financing but lenders require more documentation, higher down payments and proof of income stability. Foreign companies seeking to finance Italian real estate [..Read more..]

Due diligence in Italy: essential legal, cadastral and planning checks before purchase A structured due diligence process prevents costly surprises. Begin with title searches to confirm ownership and identify mortgages, pledges or pending disputes. Cadastral checks confirm that the property’s registered floor area and use match physical reality and the deed. Building and planning compliance [..Read more..]

Corporate structures for property investment in Italy: SPV, holding and funds Investing in property through a corporate structure makes sense when you need liability separation, efficient tax planning, or multi-investor governance. A common approach is to create a special-purpose vehicle (SPV)—often an S.r.l.—to hold a single asset or a defined portfolio. The SPV isolates the [..Read more..]

Luxembourg prepares international exchange of crypto-asset information Luxembourg has published a draft law (no. 8592) to transpose Directive (EU) 2023/2226 (DAC8) into national law, with the aim of implementing the EU’s new crypto-asset reporting framework and related expansions to automatic exchange of tax information. The draft was presented to Parliament on 24 July 2025 and [..Read more..]

Investing in short-term vs long-term rentals: how to choose Deciding between short-term holiday rentals and long-term leases depends on your objectives: yield, hands-on management, tax profile, and regulatory exposure. Short-term rentals can deliver higher gross yields in tourist hotspots but require active management, marketing, periodic cleaning and compliance with municipal rules. Many Italian municipalities have [..Read more..]

Buying an house in Italy: the practical guide for foreigners who want to move here Buying an house in Italy to live in is attractive for many reasons: quality of life, cuisine, culture and—often—an excellent value when you look beyond headline markets. The first step is choosing the location that matches your lifestyle and practical [..Read more..]

Real estate investments in 2025: approaches, benefits and operational guidelines The real estate sector continues to represent a strategic field for wealth creation and portfolio diversification. In particular, 2025 presents itself as a year shaped by new economic, technological and regulatory dynamics that directly affect investment opportunities in real estate. This article outlines the main [..Read more..]