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Archive » April 2023 » Btps indexed to Italian and European inflation: tax treatment and effects on investors

Btps indexed to Italian and European inflation: tax treatment and effects on investors

Enzo Mignarri
April 2023 - n. 4
Keywords: Btp, inflazione, investitori
Jel codes: H20, H60

The Btps indexed to the Italian inflation rate are achieving significant success on the market. The indexation methods and the loyalty bonus have aroused significant interest among individual investors. There are also Euro area inflationindexed Btps, whose redemption value is revalued at maturity of the bond. A detailed analysis of the tax rules and of the characteristics of securities and investors (resident or non-resident in Italy; gross or net operators; taxation regime chosen by investors) is particularly useful to optimize their return.

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