Guide to Global Real Estate Investment Trusts, Tenth Edition

About this book:

Guide to Global Real Estate Investment Trusts aims at contributing to a comprehensive analysis of the existing real estate investment trust (REIT) regimes. REITs have become increasingly popular as investment vehicles. The global listed property sector has been characterized by a variety of noteworthy developments in recent times; the proliferation of REIT-type structures in countries around the world key among them. Despite an uncertain economic environment, REITs have proven their ability to promote institutional real estate investments in global financial markets.

What’s in this book:

With regard to the legal framework, the structure and function of a REIT are carefully investigated and explained. The book, structured into two parts, General Report and Country Chapters, focuses on such key issues as the following in terms of tax issues:

• REIT formation, operation and liquidation;
• mergers, acquisitions and dispositions;
• planning for public and private REIT offerings and re-securitizations; and
• tax treaties’ aspects of REITs, including OECD recommendations.

How this will help you:

REITs are inherently complex and their interplay with tax treaties further compounds the complexity. This highly accessible yet authoritative work is the perfect decision-making tool for any professional looking for perspective and guidance on the challenges and opportunities REITs engender. This highly practical book is a complete comprehensible guide to the business community with an adequate level of critical analysis.

Editors

Contributors

Preface

General Reports
Stefano Simontacchi

Australia
Joshua Cardwell

Belgium
Gregory Jurion, Evelyne Paquet, Maya van Belleghem & Charles-Henri Bernard

Brazil
Alvaro Taiar

Bulgaria
Damyan Leshev & Ekaterina Aleksova

Canada
Chris Vangou, David Glicksman, Ken Griffin & Kevin Ng

Finland
Samuli Makkonen, Mikko Leinola

France
Bruno Lunghi & Philippe Emiel

Germany
Uwe Stoschek, Helge Dammann & Elhadj Abdoulaye Sène

Greece
Vassilios Vizas & Fredy Yatracou

Hong Kong
Kwok Kay So & Jacky Wong

Hungary
Gergely Juhász & Orsolya Bognár

India
Bhairav Dalal & Anish Sanghvi

Ireland
Ilona McElroy & Rosaleen Carey

Italy
Fabrizio Acerbis & Daniele Di Michele

Japan
Hiroshi Takagi, Adam Handler & Tomohiro Kandori

Malaysia
Jennifer Chang

Mexico
David Cuellar, Mario Alberto Gutierrez & Mario Alberto Rocha

Netherlands
Jeroen Elink Schuurman, Serge de Lange & Iris Dingemans

Singapore
Lim Maan Huey, Lennon Lee & Klenn Yeo

South Africa
Kyle Mandy

South Korea
Taejin Park, Lee Jae-Dok & Sean Park

Spain
Antonio Sánchez, Javier Mateos & Carlos Bravo Gutiérrez

Turkey
Ersun Bayraktaroglu & Baran Akan

United Kingdom
Robert J. Walker

United States
Tom Wilkin, David Gerstley, Adam Feuerstein, Julanne Allen, David Voss, Steve Tyler, Philip Sutton, Jordan Adelson & Cindy Mai

Appendix A
Tax Treaty Issues Related to REITs 

Appendix B
The Granting of Treaty Benefits with Respect to the Income of Collective Investment Vehicles Public Discussion Draft 9 December 2009 to 31 January 2010 Centre for Tax Policy and Administration