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Italian tax authority Burden of Proof in⁤ Property Valuation

Published: 2026/01/31 01:45:50

The Shifting Landscape of Tax ⁣Assessments

Recent rulings from Italy’s Cassazione (Court of Cassation) are clarifying the standards for the Italian tax authority (Agenzia delle Entrate) when challenging the ⁤declared value of property and businesses during ⁤a sale. These decisions significantly impact how tax assessments are conducted and the level of evidence required ‍to justify adjustments to reported gains.

Legislative Framework: Decree Law 147/2015

The foundation for these changes lies⁣ in Article 5, paragraph 3, of Decree Law 147 ⁢of ⁤2015. This legislation prevents the tax authority from