On October 10, the new Dutch coalition government agreement was published. It includes a number of tax measures, including the abolishment of the FBI (‘fiscale beleggingsinstelling ‘) status for real estate funds, which facilitates collective investments in real estate and limits taxation to the shareholder level. Listed and non-listed real estate funds with FBI status currently benefit from a reduced 0% CIT rate provided they distribute their entire profit to their shareholders. Many Dutch non-listed real estate funds have elected for this special tax regime; however it is now planned to be abolished in 2020. The INREV tax committee is exploring the impact that the change could have and government flexibility to modify the plan.