For the year 2020 the team reports as its first conclusion that the final effects of the reduction in rents due to covid-19 in terms of losses for landlords , will be seen definitively with the clearance of the tax. More specifically, after submitting the tax return for the tax year 2020, property owners will be able to see how much the losses really were, always in relation to the measures taken.
For the year 2021, based on the announcements of the government, in cases of high income from properties, the Commission observes that there may also be some marginal benefits for some owners, however a final view can only be crystallized after seeing how the course of the pandemic will develop in our country with what this entails in terms of support measures, given that the examples have been made with the assumption that the reductions will only continue for the first two months of the year according to what they have announced to date.
See the list of relevant provisions and the full TAXHEAVEN Scientific Team tables with examples here
