New legal and tax regime for the Spanish REITs

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New legal and tax regime for the Spanish REITs - .PDF file.

On 27 December 2012, the Spanish government approved Law 16/2012, which provides for long-awaited reform of the current legal and tax regime for Real Estate Investment Trusts. Such a regime has been in place since 2009, when the Spanish government passed Law 11/2009, but in the three years since its enactment, very few market participants have chosen to carry out their investments in the Spanish real estate market through such trusts.

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