Draft bill for the introduction of German REITs
Draft bill for the introduction of German REITs
- 2006
Discusses proposals to introduce a new category of real property companies called German real estate investment trusts (REITs). REITs will be organized as German resident stock corporations, and will have their shares listed at a stock exchange. German REITs, in return for the distribution of 90 per cent of their distributable profits, and for the compliance with certain other restrictions, shall be exempt from German income taxes, but shall be required to deduct German withholding tax from their distributions.
GERMANY
Discusses proposals to introduce a new category of real property companies called German real estate investment trusts (REITs). REITs will be organized as German resident stock corporations, and will have their shares listed at a stock exchange. German REITs, in return for the distribution of 90 per cent of their distributable profits, and for the compliance with certain other restrictions, shall be exempt from German income taxes, but shall be required to deduct German withholding tax from their distributions.
GERMANY