Giuliano Foglia and Maddalena Cecci comment in Corriere Tributario on the recent Supreme Court ruling on exemption for inheritance and gift tax purposes for transfers of shares in the company and the need to carry out business activity

In Corriere Tributario (No. 5/2023), Giuliano Foglia and Maddalena Cecci comment on the position taken by the Supreme Court in Order No. 6082 of Feb. 28, 2023 on the scope of application of the inheritance and gift tax exemption provided for the transfer of corporate shares, dwelling, in particular, on the critical issues arising from the adoption of the teleological interpretative criterion instead of the literal one, also in view of the considerations developed by the Constitutional Court regarding the normative wording of the provision.