CJEU - Recent Developments in Direct Taxation 2021
1. Aufl. 2022
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S. 2541. The UBS Real Estate cases
1.1. Introduction
The cases C-478/19 and C-479/19 UBS Real Estate concern the application of the principle of non-discrimination (Article 18 TFEU), the freedom of establishment (Article 49 TFEU) and the free movement of capital (Article 63 TFEU) to an Italian national provision (Article 35, para 10-ter, of Decree Law No. 226 of 4 July 2003), which provides a reduction of certain indirect taxes that apply on the purchase of Italian real estate if the purchaser is a closed-end real estate investment fund established under Italian law. Real estate investment funds not established under Italian law and real estate investment funds not established as closed-end funds are not eligible for such reduction.
1.2. Applicable law
Article 18(1) of the TFEU (Article 12 TEC) provides:
Within the scope of application of the Treaties, and without prejudice to any special provisions contained therein, any discrimination on grounds of nationality shall be prohibited.
In addition, Article 49(1) TFEU (Article 43 TEC) states:
Within the framework of the provisions set out below, restrictions on the freedom of establishment of nationals of a Member State in the territory of another ...