New Italian tax dispositions on trusts

Abstract As part of a huge tax reform project carried out by the Italian government over the past years, a new Legislative Decree (No. 139/2024) was issued in October 2024 by the Italian legislator to provide a rationalization of Registration Tax, Inheritance and Gift Tax, Stamp duty, and other indirect taxes, excluding Value Added Tax. In particular, new dispositions on indirect taxation of trusts have been introduced, which will have relevant impacts on tax planning and estate planning for individuals. In light of this, new considerations regarding existing and new trusts deserve to be addressed.