Italian PEX Regime
Capital gains deriving from the disposal of shares held in a subsidiary are subject to 1.2% CIT (i.e. 24% CIT on 5% of the capital gain), provided that the following conditions are met:
- 12-month holding period;
- the company has booked the shares as fixed financial assets in the first balance sheet of the holding period;
- the subsidiary is not resident in a jurisdiction which has a privileged tax regime;
- the subsidiary carries on a real business activity.