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On 22 June 2012 the Italian Government issued the Decree Law 82 (the "Growth Decree") containing a set of urgent measures to foster the economic growth and the competitiveness of Italian enterprises (see our June 2012 client briefing
The purpose of this Client Briefing is to analyse the recent Binding Decision of the General Directorate of Taxation ("DGT") of 10 May 2011, number V1156-11 (the "Decision"), in relation to the application of the exemption of the Transfer Tax and Stamp Duty (Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados, "ITPAJD"), as established in Article 9 of Law 21994, dated 30 March, on the Subrogation and Modification of Mortgage Loans ("Law 21994") to public deeds for the novation of mortgage credits
