Non-definitive transfers of assets to a trust and indirect tax.

The Italian Court of Cassation, with the judgment Sez. 5 n.975 of 2018 about the transfer of real estate from a Trustee to another one, confirms the well-established case law related to the taxation for the transfer of trusts assets. Being a temporary heading of goods to the Trustee, it is not tax-related for indirect taxes that are applied at a fixed rate. At the moment of the final transfer of the assets to the Beneficiaries the indirect tax effects will be applied.