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• An European Commission proposal, expected on 24 June, would simplify parts of the Anti-Tax Avoidance Directive (ATAD) to strengthen EU competitiveness
• FCA is consulting on the Registration of Authorised Fund Assets, rule changes to safekeeping requirements for authorised alternative investment funds
• Finland considering new fund vehicle for international investors inspired by structures such as the Luxembourg SICAV

• European Parliament draft report highlights international tax challenges
• European Parliament published its draft report on SFDR
• Potential changes to Lex Koller regime in Switzerland

INREV supports the objective of improving clarity, consistency and proportionality, but argued that further targeted adjustments are needed to better reflect the operational realities of real estate investment.

Download the Position Paper on the Review of the EU taxonomy climate delegated act

• European Council launches ‘One Europe, One Market’ agenda
• INREV responded to EU consultation on MISP, EuVECA Reform, SFDR, EU Taxonomy and Tax Omnibus
• UK consultation on implementing a UK corporate re-domiciliation regime is now open

INREV’s response sets key concerns around the practical application of DAC, highlighting disproportionate compliance burdens, divergent national implementation and the need for simplification to preserve tax neutrality and legal certainty for cross-border real estate investment funds.

INREV calls for a simpler, more harmonised and proportionate EU tax framework that preserves the tax neutrality of investment funds, reduces administrative burden and legal uncertainty, and better supports cross-border real estate investment.

• Regulatory technical standards on LMTs under AIFMD published in EU Official Journal
• European Commission published a consultation on Simplifying EU rules on direct taxation
• UK Sustainability Disclosure Requirements labels: good and poor practice