Monthly Tax & Regs updates
INREV’s Tax and Regulatory Updates provide monthly insights drawn from the Public Affairs and Tax Committees meetings. These updates capture expert input and discussions on key developments affecting the non-listed real estate investment industry, offering timely, practical perspectives on evolving tax and regulatory landscapes.
Updates
Tax and Regs monthly update February
Published on 20 Feb 2026 Share
- European Commission opened a consultation on the Market Integration Package proposal
- Finland is finalising its pension reform affecting its four main pension institutions
- Ireland launched an ambitious housing policy initiative aimed at significantly increasing housing delivery
Tax and Regs monthly update February
DownloadTax and Regs monthly update January
Published on 20 Feb 2026 Share
Cyprus assumes the Presidency of the Council of the EU
European Commission opened a consultation on the SFDR Review
European Commission launched a consultation on the EU rules on administrative cooperation in the field of taxation (DAC)
Tax and Regs monthly update January
DownloadTax and Regs monthly update December
Published on 20 Feb 2026 Share
- European Commission publishes Market Integration and Supervision Package (MISP)
- INREV responded to the Commission call for evidence to review and simplify the EU Taxonomy Climate and Environmental Delegated Acts
- Austria significantly tightened its Real Estate Transfer Tax (RETT) rules for share deals involving real estate-owning companies
Tax and Regs monthly update December
DownloadTax and Regs monthly update November
Published on 20 Feb 2026 Share
- ESMA published the draft Regulatory Technical Standards (RTS) on open-ended loan-originating AIFs (‘OE LO AIFs’)
- Unshell (ATAD III) and DEBRA withdrew from the European Commission work programme
- Germany clarifies the tax treatment of cross-border reorganisations
Tax and Regs monthly update November
DownloadTax and Regs monthly update October
Published on 23 Oct 2025 Share
- Regulatory Technical Standards (RTS) on open-ended Loan Originating Funds under AIFMD II deemed “non-essential”
- Interpretation and alignment issues under the ELTIF Regulation
- Luxembourg AIFMD II implementation bill closely follows the EU directive
Tax and Regs monthly update July
Published on 15 Jul 2025 Share
- Denmark takes over the Presidency of the Council of the European Union
- Further Council work on the Unshell file discontinued
- The UK government is consulting on transition planning and sustainability reporting
Tax and Regs monthly update June
Published on 25 Jun 2025 Share
- INREV submits comments to several EU and UK consultations
- Discussions of BEFIT, Unshelland Pillar II slowly progressing
- Spain: Residential Property Measures in Catalonia
Tax and Regs monthly update May
Published on 25 Jun 2025 Share
- ESMA assesses the risks posed by the use of leverage in the fund sector
- EU Commission Call of Evidence -Revision of EU rules on sustainable finance disclosure
- Luxembourg: CSSF simplifies fund document approval process
Tax and Regs monthly update Apr
Published on 25 Jun 2025 Share
- European Parliament State Aid Rules for affordable housing
- Omnibus I: the European Parliament and Council agree on the ‘Stop-the-clock’ mechanism
- United Kingdom: FCA and HMT Consultations on reviewing UK AIFMD rules
Tax and Regs monthly update Mar
Published on 25 Jun 2025 Share
- Calculation of leverage for loan originating funds (LOFs)
- Omnibus I (Taxonomy, CSRD and CSDDD)
- The UK Unauthorised Co-ownership Alternative Investment Funds Regulations laid in Parliament
Tax and Regs monthly update Feb
Published on 25 Jun 2025 Share
- Unshell Directive discussions hint at SPV carve-outs and softer compliance impact
- United Kingdom: Consultation on value and use cases for aUK green taxonomy
- France: Finance Act brings SLPS taxation in line with existing SLP regime
Tax and Regs monthly update Jan
Published on 25 Jun 2025 Share
- Polish presidency takes over the Council of EU
- European Parliament establishes Affordable Housing Committee
- Platform for Sustainable Finance suggests product categories under SFDR