Real estate investment via French OPCI: tax aspects in France and in Germany
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Hamburg
Interdisziplinäres Zentrum für Internationales. Finanz- und Steuerwesen (IIFS)
2015
|
| Series: | Hefte zur internationalen Besteuerung
Heft 199 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VI, 48 Seiten |
Staff View
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Record in the Search Index
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| adam_text | CON
TENTS
1 INTRODUCTION: DEVELOPMENT AND DESCRIPTION OF OPCI 1
1.1 DEVELOPMENT OF OPCI 1
1.2 DESCRIPTION OF THE LEGAL CONDITIONS OF AN OPCI 2
1.2.1 CORPORATE REQUIREMENTS 2
1.2.1.1 OBJECTIVE 2
1.2.1.2 LEGAL FORM 2
1.2.1.3 TYPE OF INVESTORS AND PERMITTED LEVERAGE RATIO 3
1.2.1.4 ELIGIBLE ASSETS AND INVESTMENT LIMITS 3
1.2.1.5 DISTRIBUTION OBLIGATION 4
1.2.2 REGULATORY REQUIREMENTS 4
1.2.3 AMENDMENTS BASED ON AIFMD 5
2 FRENCH TAX ASPECTS 6
2.1 INVESTMENT IN FRENCH REAL ESTATE WITHOUT CONSIDERING OPCI AS
INTERMEDIARY VEHICLE 6
2.1.1 ACQUISITION OF THE REAL ESTATE 6
2.1.1.1 TRANSFER TAXES (*DROITS D*ENREGISTREMENT*) 6
2.1.1.2 VAT (*TAXE SUR LA VALEUR AJOUTEE*) 6
2.1.2 HOLDING PERIOD 7
2.1.2.1 INCOME TAXES 7
2.1.2.1.1 INDIVIDUALS 7
2.1.2.1.2 CORPORATIONS 8
2.1.2.2 LOCAL TAXES 8
2.1.2.2.1 TERRITORIAL ECONOMIE CONTRIBUTION (*CET* *CONTRIBUTION
ECONOMIQUE
TERRITORIALE*) 9
2.1.2.2.2 PROPERTY TAX (*TAXE FONCIERE*) 9
2.1.2.3 NET WEALTH TAX (ONLY INDIVIDUALS CONCERNED) 9
2.1.2.4 3% TAX (NON-RESIDENT CORPORATE INVESTORS) 10
2.1.3 SALE OF THE REAL ESTATE (EXIT) 10
2.1.3.1 INDIVIDUALS 10
2.1.3.2 CORPORATIONS 11
2.1.4 RESULT FOR DIRECT REAL ESTATE INVESTMENT IN FRANCE 11
2.2 INDIRECT INVESTMENT VIA TAX EXEMPT OPCI 11
2.2.1 TAX TREATMENT OF SPPICAV IN FRANCE 11
2.2.1.1 ACQUISITION AND START OF THE SPPICAV 11
2.2.1.2 HOLDING PERIOD 12
2.2.1.2.1 CORPORATE TAX EXEMPTION 12
2.2.1.2.2 OTHER TAX EXEMPTIONS 12
2.2.1.2.3 NO TAX EXEMPTION REGARDING CERTAIN TAXES 12
2.2.1.3 EXIT 12
2.2.1.3.1 SALE OF THE REAL ESTATE 12
2.2.1.3.2 DISPOSAL OF THE OPCI SHARES 12
2.2.2 TAX TREATMENT OF FPI IN FRANCE 13
2.2.2.1.1 NO 3% TAX ON FRENCH REAL ESTATE 13
2.2.3 RESULT FOR INDIRECT INVESTMENT VIA OPCI 13
2.3 TAXATION OF GERMAN INVESTORS IN FRANCE 13
2.3.1 SPPICAV 14
2.3.1.1 WITHHOLDING TAX ON CURRENT INCOME 14
2.3.1.1.1 TREATY REDUCTION 14
2.3.1.1.2 NO APPLICATION OF THE EU-PARENT-SUBSIDIARY-DIRECTIVE 16
2.3.1.2 TRANSFER OF OPCI SHARES 16
2.3.1.2.1 WITHHOLDING TAX ON CAPITAL GAIN REALIZED BY FOREIGN INVESTORS
16
2.3.1.2.2 NO TRANSFER TAXES 17
2.3.2 FPI 17
2.3.2.1 CURRENT INCOME IS TAXED LIKE DIRECT INVESTMENT 17
2.3.2.2 TRANSFER OF FPI UNITS 17
2.3.3 RESULT FOR TAXATION OF GERMAN INVESTORS IN FRANCE 17
3 TAXATION IN GERMANY FOR GERMAN INVESTORS 18
3.1 QUALIFICATION OF THE OPCI FUND UNITS 18
3.1.1 NEW LEGISLATION IN GERMANY 18
3.1.2 HOW TO QUALIFY OPCI FROM A GERMAN VIEW 19
3.1.2.1 AL F ACCORDING TO REGULATORY RULES 19
3.1.2.1.1 DEFINITION OF AN AIF 19
3.1.2.1.2 OPCI QUALIFYING AS AIF 20
3.1.2.1.3 REAL ESTATE COMPANY IF NO AIF 21
3.1.2.1.4 TYPE COMPARISON (*RECHTSTYPENVERGLEICH*) 21
3.1.2.1.5 OPCI AS A REAL ESTATE COMPANY 22
3.1.2.1.5.1 SPPICAV 22
3.1.2.1.5.2 FPI 22
3.1.2.2 INVESTMENT FUND WITHIN THE MEANING OF THE INVSTG 24
3.1.2.2.1 DEFINITION OF AN INVESTMENT FUND 24
3.1.2.2.2 OPCI QUALIFYING AS INVESTMENT FUND 25
3.1.2.2.3 PUBLICATION DUTIES 25
3.1.2.2.4 TRANSITION RULES AND GRANDFATHERING 26
3.1.2.3 INVESTMENT COMPANY (*INVESTITIONSGESELLSCHAFT*) 27
3.1.2.3.1 PARTNERSHIP-LIKE INVESTMENT COMPANY 27
3.1.2.3.2 CORPORATE-TYPE INVESTMENT COMPANY 28
3.2 INVESTORS* TAXATION IN GERMANY 29
3.2.1 OPCI QUALIFIED AS REAL ESTATE COMPANY SHARES 29
3.2.1.1 SPPICAV 30
3.2.1.2 FPI 31
3.2.2 OPCI QUALIFIED AS INVESTMENT FUND UNITS PURSUANT TO § 1 PARA 1B
INVSTG 31
3.2.2.1 TRANSPARENT FUND FULFILLING PUBLICATION DUTIES 32
3.2.2.2 SEMI-TRANSPARENT OPCI (PARTLY NOT FULFILLING PUBLICATION DUTIES)
33
3.2.2.3 INTRANSPARENT OPCI (COMPLETELY NOT FULFILLING PUBLICATION
DUTIES) 33
3.2.3 OPCI QUALIFIED AS CORPORATE-TYPE INVESTMENT COMPANY 34
3.2.3.1 SPPICAV 34
3.2.3.2 FPI 34
3.2.4 RESULT FOR INVESTORS* TAXATION 35
4 CONCLUSION 36
BIBLIOGRAPHY 37
LEGAL SOURCES 41
FRENCH SOURCES 43
GERMAN SOURCES 44
GLOSSARY 47
|
| any_adam_object | 1 |
| author | Leuschner, Sabine |
| author_GND | (DE-588)1084657023 |
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| bvnumber | BV043417423 |
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| language | English |
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| physical | VI, 48 Seiten |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | Interdisziplinäres Zentrum für Internationales. Finanz- und Steuerwesen (IIFS) |
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| series | Hefte zur internationalen Besteuerung |
| series2 | Hefte zur internationalen Besteuerung |
| spelling | Leuschner, Sabine Verfasser (DE-588)1084657023 aut Real estate investment via French OPCI tax aspects in France and in Germany von Sabine Leuschner, M.I. Tax Hamburg Interdisziplinäres Zentrum für Internationales. Finanz- und Steuerwesen (IIFS) 2015 VI, 48 Seiten txt rdacontent n rdamedia nc rdacarrier Hefte zur internationalen Besteuerung Heft 199 Masterarbeit Internationales Zentrum für Internationales Finanz- und Steuerwesen (IIFS), International Tax Institute der Universität Hamburg 31. März 2015 Immobilienanlage (DE-588)4120474-8 gnd rswk-swf Steuerrecht (DE-588)4116614-0 gnd rswk-swf Frankreich (DE-588)4018145-5 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deutschland (DE-588)4011882-4 g Frankreich (DE-588)4018145-5 g Immobilienanlage (DE-588)4120474-8 s Steuerrecht (DE-588)4116614-0 s DE-604 Hefte zur internationalen Besteuerung Heft 199 (DE-604)BV000018614 199 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028835489&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Leuschner, Sabine Real estate investment via French OPCI tax aspects in France and in Germany Hefte zur internationalen Besteuerung Immobilienanlage (DE-588)4120474-8 gnd Steuerrecht (DE-588)4116614-0 gnd |
| subject_GND | (DE-588)4120474-8 (DE-588)4116614-0 (DE-588)4018145-5 (DE-588)4011882-4 (DE-588)4113937-9 |
| title | Real estate investment via French OPCI tax aspects in France and in Germany |
| title_auth | Real estate investment via French OPCI tax aspects in France and in Germany |
| title_exact_search | Real estate investment via French OPCI tax aspects in France and in Germany |
| title_full | Real estate investment via French OPCI tax aspects in France and in Germany von Sabine Leuschner, M.I. Tax |
| title_fullStr | Real estate investment via French OPCI tax aspects in France and in Germany von Sabine Leuschner, M.I. Tax |
| title_full_unstemmed | Real estate investment via French OPCI tax aspects in France and in Germany von Sabine Leuschner, M.I. Tax |
| title_short | Real estate investment via French OPCI |
| title_sort | real estate investment via french opci tax aspects in france and in germany |
| title_sub | tax aspects in France and in Germany |
| topic | Immobilienanlage (DE-588)4120474-8 gnd Steuerrecht (DE-588)4116614-0 gnd |
| topic_facet | Immobilienanlage Steuerrecht Frankreich Deutschland Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028835489&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV000018614 |
| work_keys_str_mv | AT leuschnersabine realestateinvestmentviafrenchopcitaxaspectsinfranceandingermany |