Property tax and CFE exemption for small shops in priority urban neighbourhoods

The second 2014 amending finance act created, unless local authorities decide otherwise, a five-year exemption from business property tax (CFE, up to a net base of €77,089 in 2015) and property tax on built land for commercial establishments in priority urban policy neighbourhoods: establishments existing on 1 January 2015 and new or extended ones until 31 December 2020. It targets small commercial businesses (fewer than 10 employees, turnover below €2m) and falls under the EU de minimis aid rules.