In case of a hard Brexit, many technical changes need to be made to UK tax rules that currently interrelate with EU law. A mapping exercise has been completed to summarise the tax-related impacts of a hard Brexit on non-listed real estate.
The non-listed real estate industry could be facing a hard Brexit in less than two years. The INREV Brexit Focus Group has mapped out what the implications would be for fund managers, investors and service providers.
The result of the 23 June 2016 referendum on the United Kingdom's membership of the European Union raises many questions regarding the future relationship between the EU and the UK, and poses a number of important challenges for the members of INREV and the industry.