Gilberto Comi and Riccardo Zena, together with Professor Giorgio Semino, co-authored an article on Trusts and Real Estate Portfolios, published on the website of UBS bank dedicated to Wealth Planning titled Trust e Patrimoni Immobiliari. The authors focused on Trusts as an efficient tool to preserve estates in consideration, among other things, of the recent instructions released by the Italian Revenue Agency which – after years of debate – finally recognized the key principle that the time of taxation is not when the assets are contributed to the Trust by the settlor but the later moment when assets are assigned to the Trust’s beneficiaries. (Revenue Agency Instructions no. 34/E, 20 October 2022). To read the full article, open the attachment.