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Buying a Luxury Villa in Costa Smeralda Through a Company? The Italian Tax Authority May Already Be Watching
The €1 Billion Question Nobody in Porto Cervo Is Talking About In the summer of 2024, the Guardia di Finanza — Italy’s financial police — completed one of the most significant anti-money-laundering operations ever conducted in the real estate sector of northern Sardinia. The target: approximately 150 property transactions in Costa Smeralda, representing nearly…
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Fiscal and Legal Isolation: How Multi-Layer Ownership Structures Look Under Italian Tax Enforcement
International buyers of high-value property in Sardinia and elsewhere in Italy rarely hold assets in their own name. A multi-layered ownership architecture — combining Italian companies, European holding entities, offshore vehicles, and trust or foundation structures — has been a standard feature of luxury real estate transactions for decades. This is not inherently unlawful.…