Trusts and Fiduciary Companies · Florence
Trusts and Fiduciary Companies for clients in Florence
Sole office in Rome (Via Ancona 20): assistance remotely and at hearings before the Tax Court (Corte di Giustizia Tributaria) of First Instance in Florence.
Establishment and administration of trusts, foundations and fiduciary structures. Dedicated assistance for clients in Florence e Tuscany, managed entirely through the electronic tax court filing system (PTT) from the Firm's office in Rome.
In Brief
The Firm Marzo Associati offers specialist assistance in trust e fiduciarie to businesses and taxpayers in Florence e Tuscany. The service is structured for clients in the area: transfer pricing for brand royalties, VAT on licences, taxation of DOC/DOCG protection consortia, expenditure-based tax assessments of HNWIs.
What Is trust e fiduciarie and When Is It Needed
Trusts and fiduciary mandates are tools for segregating and administering assets. A trust, recognised in Italy under the 1985 Hague Convention, separates the assets transferred to it from the assets of the settlor and the trustee; a fiduciary mandate, managed by authorised companies, leaves ownership with the principal while the assets are registered in the fiduciary company's name. For tax purposes, the relevant provisions are art. 4-bis TUS for inheritance and gifts and the rules governing trust income for corporate income tax (IRES) purposes.
Trusts and Asset Ring-Fencing Structures
The Firm has in-depth expertise in trust law, an essential tool for asset protection and the management of specific interests (e.g. "Dopo di noi", charitable purposes and family asset management).
Activity Details
- Establishment of Trusts: Analysis of requirements and drafting of trust deeds for domestic and foreign trusts.
- Trust Taxation: Advice on recent legislation (e.g. "opaque" vs "transparent" trusts) and the taxation of distributions to beneficiaries.
- Mandati Fiduciari: Assistance with managing shareholdings and assets through fiduciary companies to ensure confidentiality and professional management.
- Compliance: Review of tax reporting and monitoring obligations for settlors and beneficiaries.
Tax Court (Corte di Giustizia Tributaria) of First Instance in Florence
Via Cavour 56 — 50129 Florence
The Tax Court (Corte di Giustizia Tributaria) of second instance for Tuscany is based in Florence and hears appeals from all Tuscan provinces (Arezzo, Grosseto, Livorno, Lucca, Massa-Carrara, Pisa, Pistoia, Prato, Siena).
How the Procedure Works for Clients in Florence
- 1
Analysis of Objectives
Defining the purposes, beneficiaries and timeframe for asset segregation.
- 2
Choice of Structure
A domestic or foreign trust, opaque or transparent, or a fiduciary mandate, depending on control and tax considerations.
- 3
Drafting the Documents
Trust deed, asset transfer deeds, letter of wishes and appointment of the trustee and protector.
- 4
Compliance and Management
The trust's tax identification number, tax returns, tax monitoring and periodic reporting to beneficiaries.
Documents are filed electronically with the Tax Court (Corte di Giustizia Tributaria) of First Instance in Florence (Via Cavour 56, 50129 Florence); hearings may take place remotely or in person, depending on the requirements of the defence.
Common Cases in Florence e in Tuscany
Transfer Pricing on Royalties and Trademark Licences
Representation of luxury and fashion groups challenging adjustments by the Italian Revenue Agency (Agenzia delle Entrate) concerning intercompany royalties and trademark valuations.
Wine Sector Taxation and Protection Consortia
VAT disputes, excise duties on wine products, agricultural flat-rate tax regimes, and taxation of DOC/DOCG consortia.
Expenditure-Based Tax Assessments of Tuscan HNWIs
Representation of individuals with a high capacity to pay tax in challenges to assessments based on the availability of assets indicating wealth (villas, yachts, works of art) under art. 38 DPR 600/1973.
Taxation of Tourism and Luxury Accommodation
VAT on accommodation establishments (country house hotels, historic residences), assessments concerning receipts and the classification of activities.
Wealth Management for Tuscan Business Families
Trusts, family foundations, family business succession agreements and the intergenerational transfer of wealth and long-established family businesses.
The Firm also assists clients in neighbouring provinces: Prato, Pistoia, Arezzo, Siena, Lucca, Pisa, Livorno, Massa-Carrara, Grosseto.
Documents to Gather and Timeframes
- —List of assets to be transferred and supporting ownership documentation
- —Cadastral and mortgage searches for properties
- —Articles of association and shareholders' agreements relating to shareholdings
- —Relevant family and succession circumstances
- —Documentation on any foreign relationships
Including preliminary analysis, drafting the trust deed and transferring assets, setting up a trust normally takes a few weeks; property transfers depend on the time required for notarial deeds and the associated registration updates.
For an assessment of your position, you can or consult the profile of the Firm's tax lawyers.
How We Handle trust e fiduciarie for Clients in Florence
Confidential Video Consultation
Riunioni strategiche su Google Meet o Microsoft Teams.
Digital Power of Attorney
Appointment using a qualified electronic signature.
Hearings Before the Florence Tax Court (Corte di Giustizia Tributaria)
Partecipazione da remoto ex art. 16 D.L. 119/2018 o in presenza.
Targeted Visits
Site visits in Florence only when essential.
Professionals Responsible for the Service
Frequently Asked Questions
Do You Need Assistance With trust e fiduciarie a Florence?
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