According to a recent decision of the Regional Tax Commission of Veneto, judgment n. 244 of 2 July 2020, the contributions of assets to a trust does not constitute any transfer of wealth, so they are not subject to a fixed taxation, neither to mortgage tax nor cadastral tax. Indeed, the Tax Commission has clarified that the transfer of assets to the trustee is fiscally irrelevant, because the trustee can only manage the assets for the benefit of the beneficiaries. So the aforementioned taxes have to be applied, in an indirect proportional way, only at the time of the assignment of the assets, or part of them, to the beneficiaries.
