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By: Contributor(s): Series: Estates Gazette ; (0311) 15 March 2003, 146-147(2)Publication details: 2003Subject(s): Summary: Discusses the implications and likely success of the new tax regime being introduced in the French Finance Bill 2000, for French-listed real estate investment companies known as sociétés d'investissements immobiliers cotées (SIICs) .The main objective of this change is to reinforce the competitiveness of SIICs which have been disadvantaged up to now vis-à-vis tax-exempted foreign real estate investment companies, which can distribute higher dividends than SIICs. The success of the new legislation will be measured by the ability of SIICs to attract new capital and make them more attractive than their competitors.

Discusses the implications and likely success of the new tax regime being introduced in the French Finance Bill 2000, for French-listed real estate investment companies known as sociétés d'investissements immobiliers cotées (SIICs) .The main objective of this change is to reinforce the competitiveness of SIICs which have been disadvantaged up to now vis-à-vis tax-exempted foreign real estate investment companies, which can distribute higher dividends than SIICs. The success of the new legislation will be measured by the ability of SIICs to attract new capital and make them more attractive than their competitors.