Wereldhave has taken discover of the Dutch Cabinet’s intent to not permit direct investments in actual property as permissible funding for Fiscal Investment Institutions (in Dutch ‘FBI’). The measure is meant to take impact as from 1 January 2024, with a purpose to permit affected FBI’s to restructure, to forestall double taxation of funding revenue. In 2017, the same measure was initially proposed however finally revoked. The proposed measure is totally surprising as a just lately printed web optimization Report on the effectiveness of the present FBI regime got here to beneficial conclusions. This examine was ready upon request of the Dutch Parliament and is scheduled to be mentioned in the Dutch Parliament in January 2023. Wereldhave will fastidiously examine the potential influence of this new measure on the Company and its business, and also will talk about the influence on the sector with different affected corporations.
As particulars round the newly proposed measures are nonetheless unclear, we aren’t in the place to remark additional on this particular subject.