Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 254

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 254
---
 annual income tax return. Under the tax return regime, capital gains are computed on a last in first out (so -called“LIFO”) basis. Under the non -discretionaryinvestment portfolio regime capital gains are computed on a weighted average cost basis. Under both regimes capital gains are equal to the difference between the consideration received and the tax basis held in the Ordinary Shares, increased by the expenses incurred to make the investment (other than interest expense). Moreover, subject to certain conditions and requirements (including a five -yearminimum holding period), and several limitations (including amount and composition of the capital investment), Italian resident individuals not holding the Ordinary Shares in connection with a business activity, may be exempt from any taxation on capital gains realized on the Sale of a Non -QualifiedHoldings if the Ordinary Shares are included in a long -termindividual savings account ( piano individuale di risparmio a lungo termine) that meets the requirements from time to time applicable as set forth by Italian law. 110 Individuals engaged in business activity and partnerships and similar entities Capital gains realized by Italian resident partnerships and similar entities or Italian -residentindividuals on the sale or disposal of the Ordinary Shares held in connection with a business activity, are included in the recipient’s overall taxable income for the entire amount in the tax year in which they are realized, subject to income tax at ordinary rates, and are reported in the recipient’s income tax return. However, if the conditions indicated in the following paragraph for the Participation Exemption Regime (as defined below) provided for capital gains realized by Italian resident companies and commercial entities were satisfied, these capital gains would be subject to tax only partially, in an amount equal to 58.14% of the capital gains. In this event, any relating capital losses would be deductible for a corresponding amount. Companies and other business entities referred to in Article 73(1)(a)(b) CITA Capital gains realized by Italian -residentcompanies, private and public entities (other than companies) and trusts whose sole or main purpose is to carry out a business activity, are included in their taxable income and are subject to IRES according to the ordinary rules. If the Orindary Shares were held and accounted for as fixed financial assets in the three -yearperiod preceding the disposal, the shareholder may elect to spread any realized gain on a straight -linebasis across the five -yearperiod commencing in the tax year in which the gain is realized. However, capital gains arising from the disposal of the Ordinary Shares are tax -