{"id":3082,"date":"2025-04-09T07:25:36","date_gmt":"2025-04-09T05:25:36","guid":{"rendered":"https:\/\/www.hessepartner.it\/?p=3082"},"modified":"2025-04-09T07:25:41","modified_gmt":"2025-04-09T05:25:41","slug":"deduction-of-ancillary-costs-for-shareholdings-generating-a-pex-participation-exemption","status":"publish","type":"post","link":"https:\/\/www.hessepartner.it\/en\/deduction-of-ancillary-costs-for-shareholdings-generating-a-pex-participation-exemption\/","title":{"rendered":"Deduction of ancillary costs for shareholdings generating a PEX (Participation Exemption)"},"content":{"rendered":"<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"eaf00b82-9214-44a7-a818-ac93f6c6b042\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<p class=\"\" data-start=\"0\" data-end=\"332\">The Italian Revenue Agency (Agenzia delle Entrate), in its response to a ruling request dated 7 April 2025, No. 90, clarified that ancillary costs directly related to the disposal of shareholdings generating a PEX (Participation Exemption) capital gain are deductible only to the extent that the capital gain is subject to taxation.<\/p>\n<p class=\"\" data-start=\"334\" data-end=\"528\"><strong data-start=\"334\" data-end=\"346\">Example:<\/strong> If the capital gain benefits from a 95% exemption under the PEX regime, the directly attributable ancillary costs are deductible only up to 5%, corresponding to the taxable portion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-start\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Italian Revenue Agency (Agenzia delle Entrate), in its response to a ruling request dated 7 April 2025, No. 90, clarified that ancillary costs directly related to the disposal of shareholdings generating a PEX (Participation Exemption) capital gain are deductible only to the extent that the capital gain is subject to taxation. Example: If the  [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3082","post","type-post","status-publish","format-standard","hentry","category-unkategorisiert"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deduction of ancillary costs for shareholdings generating a PEX (Participation Exemption) -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hessepartner.it\/en\/deduction-of-ancillary-costs-for-shareholdings-generating-a-pex-participation-exemption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deduction of ancillary costs for shareholdings generating a PEX (Participation Exemption) -\" \/>\n<meta property=\"og:description\" content=\"The Italian Revenue Agency (Agenzia delle Entrate), in its response to a ruling request dated 7 April 2025, No. 90, clarified that ancillary costs directly related to the disposal of shareholdings generating a PEX (Participation Exemption) capital gain are deductible only to the extent that the capital gain is subject to taxation. 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