Tax and Regulations Briefings

The Country-by-Country Tax and Regulations Guide has just been updated and is available on the INREV website. Anne-Jet Klaver, Senior Associate Tax at PwC in Amsterdam presents an overview of the most significant changes in the past year.

Henk de Graaf, Partner at Deloitte in Amsterdam, gives an update on beneficial ownership rule developments and their implication for non-listed real estate investment.

A joint INREV/AREF/IPF briefing where we looked at the details of the proposed new PIF (CS) and LTAF fund structures and the implications they could have for the real estate funds sector, as well other aspects of the call for important input on this consultation.

Richard Cole from Linklaters’ London office and Claire Prospert from the firm’s Luxembourg office present on the cross-border distribution of collective investment undertakings directive and regulation (CBDF) which apply from 2 August, and also discuss post-Brexit distribution options.

Jeff Rupp, INREV Public Affairs Director, presented on the recent INREV responses to European Commission consultations on AIFMD and ELTIF. 

Jeff Rupp, INREV Public Affairs Director, presented on the recently launched European Commission consultation on AIFMD.

Kate Binedell and Matthew Baker, Partners at Bryan Cave Leighton Paisner in London, who presented an update on recent ESG-related regulatory requirements impacting non-listed real estate investment. They were joined by Abigail Dean, Head of Sustainability, Real Estate at Nuveen in London, who discussed some of the practical issues implementing the new regulations present for fund managers.

Francisco Da Cunha, Partner, Cross-Border Tax at Deloitte in Luxembourg, and Keith O’Donnell, Managing Partner at Atoz in Luxembourg, explained the structure and substance of the proposed code. They also discussed the contribution recommendations and best practices on tax-related matters can make to the non-listed real estate investment industry.   

Melville Rodrigues, Senior Consultant, Fund Services at Ocorian, and Friederike Werner, Director, Product Development at DWS, gave an update on Brexit and UK fund developments.

Louisa Cobbe, Matt Baker and Sarah Ward from Bryan Cave Leighton Paisner (BCLP) in London present on key operational, legal, regulatory and competition issues around structuring and running real estate joint ventures/clubs. 

Rodrigo Delcourt from Arendt & Medernach and Michael Daemgen from Arendt Regulatory & Consulting in Luxembourg present on host AIFMs, including their operating models, services provided to the real estate industry and regulatory parameters.

Jan Gruter, Legal Director and Jonathan Powling, Partner (Investment Management Team) and Zoe Connor, Partner at (Banking Team) Addleshaw Goddard present on emerging trends in real estate fund terms.

In the current COVID-19 environment, many countries have adopted tax-related measures that can effectively be used to conserve cash. Henk de Graaf, tax partner at Deloitte in Amsterdam, discuss this timely and important topic. 

Alain Goebel and Rodrigo Delcourt, partners at Arendt & Medernach in Luxembourg, present on the tax and regulatory implications of the EU’s decision to add the Cayman Islands to its blacklist of jurisdictions, along with practical and legal issues around structuring real estate vehicles using offshore entities.

Clark Noordhuis, Tax Partner at PwC in Amsterdam, presents on the OECD’s Global Anti-Base Erosion Proposal (GloBE) – Pillar Two.

Henk de Graaf from Deloitte presents on the status of ATAD II anti-hybrid mismatch rules implementing legislation.

 Melville Rodrigues, partner at Charles Russell Speechlys in London, presents on recent Brexit developments impacting real estate fund managers and investors

Ursula Hartenberger, Global Head of Sustainability at RICS in Brussels and member of the EU’s Technical Experts Group on Sustainable Finance, will talk about the Sustainable Finance Action Plan and Taxonomy with a particular focus on the buildings' sector

Nichola Peters, a partner at Addleshaw Goddard and Head of Global Investigations and FinCrime Compliance, presents on the new Anti-Money Laundering Directive coming into effect later this year.

Federica Miano, Public Affairs Manager at INREV, presents an overview of the basic requirements of AIFMD for real estate investment funds.

Romain Tiffon, partner at Atoz in Luxembourg, presents on disclosure requirements for cross-border tax arrangements under EU Directive DAC6. 

Henk de Graaf from Deloitte presents on recent developments in beneficial ownership rules.

Matthew Huggett and Sarah Hitchins from Allen & Overy, focus on The Senior Managers and Certification Regime's (SMCR) implications for UK managers, highlighting key issues and challenges of implementing SMCR. 

Pierre Beissel and Rodrigo Delcourt, both partners at Arendt & Medernach in Luxembourg, present on ‘Establishing Parallel Fund Management Structures in the EU and current limitations on delegation’. 

Siobhan Godley and Adam Jobson, Partners in Tax-Real Estate at Deloitte in London present on the ground breaking changes to taxation of non-resident investors in UK real estate effective from April 2019.

Friederike Werner from DWS presents on Hybrid Mismatch Rules under ATAD. The presentation focuses on the practical fund structuring implications for both managers and investors. 

Ariane Brohez, Parter at Loyens & Loeff in Brussels, presents on the new Belgian Specialised Real Estate Investment Fund (SREIF).

Zsolt Toth, External Affairs & EU Liaison Manager at RICS in Brussels and member of the European Commission’s High Level Technical Working Group on Sustainable Finance, presents on Sustainable Finance Action Plan and Taxonomy. 

Dennis Schäfer, Tax Advisor at Loyens & Loeff, presented on the background, timing and likely impact of the Dutch government’s 2019 budget and legislative plan.

Melville Rodrigues, partner at Charles Russell Speechlys, and Jeff Rupp, Director of Public Affairs at INREV, co-presents on the background, timing and likely impact of the proposed amendment of AIFMD to create a uniform definition of pre-marketing across the EU.

Friederike Schmidt from bepartners presented on the new Investment Tax Code and recent federal court decisions’ impact on non-listed real estate investment in Germany.

Jeff Rupp, INREV Director of Public Affairs, highlighted proposed Commission and Parliament amendments that will determine how changes to regulations impacting real estate managers’ use of interest rate and currency swaps to manage risk will be addressed in upcoming trilogue negotiations. 

Keith O’Donnell, partner at ATOZ Tax Advisors in Luxembourg, presents on the implications of the new Luxembourg-France Double Tax Treaty for the non-listed real estate industry. 

Catherine Martougin, Partner at Baker McKenzie in Luxembourg, presents on the General Data Protection Regulation (GDPR) and Anti-Money Laundering (AML) rules. She explores the interaction between the desire to protect personal data in the first regulation and the requirement for disclosure in the second. 

Hira Sharma, Tax Partner at BDO in London presents on the UK government’s proposed elimination of the CGT exemption for non-UK investors.

Jef Holland from Deloitte and Rob Voster, the EU Benchmark project review manager from KPMG, present on their recent review of the EU Benchmarks Regulation’s impacts on real estate and INREV indices.

This briefing focuses on the tax-related implications of a hard Brexit on non-listed real estate investment. Anna Burchner, Partner in the tax group at CMS in London presents on this important topic.

Stephen Ryan, Research Manager at INREV, presents on the EU Benchmarks Regulation and its impact on the INREV Indices.

Nathalie Grenewitz, an attorney at bepartners in Düsseldorf, presents on upcoming German investment tax law reforms and their implications for investment funds and investors.

Cara Phillips of Addleshaw Goddard presents on the FCA rules on inducements. 

Jeff Rupp, INREV Public Affairs Director, presents on the impacts of a hard Brexit on the non-listed real estate industry. Learn more about the Brexit Focus Group’s analysis of how a hard Brexit would affect investors, managers and service providers both in and outside Europe, as well as some of the political dynamics currently at play.

Hannah Meakin and Jamie Gray of Norton Rose Fulbright present on MIFID II and its implications for non-listed real estate investment.

Debbie Hobbs, Head of Sustainability at Legal & General Property, presents on sustainability-related regulations.

Jeroen Elink Schuurman, Tax Partner at PwC will present on the new and improved Tax and Regulatory Guide. 

The new guide, which covers more countries and OECD BEPS, has also moved to a new location on the INREV website.

Jeroen also gives a brief update on the recent OECD discussion draft on Non-CIVs.

Catherine Martougin, Partner at Baker & McKenzie in Luxembourg, present on the legal and regulatory aspects of risk management, with more detailed analysis of risk management under AIFMD. 

This briefing discusses the current state of play of Brexit and the potential impact it will have on non-listed real estate investment. Simon Crown and Marian Scheele, partners at Clifford Chance in London and Amsterdam, presented the topic from both the UK and the remaining EU Member State perspective.

In this briefing Jeff Rupp, INREV, will update delegates on the recent ESMA advice on the extension of AIFMD passports to 12 non-EU countries.

This briefing focuses on Brexit’s potential implications for indirect real estate investment.

This briefing focuses on UK local government pension reforms and the potential implications for real estate investments.

This briefing focuses on the new Luxembourg RAIF. Catherine Martougin, partner at Jones Day, investigates how the new vehicle can be used for real estate investment structures.

Michael Newell, partner at Norton Rose Fulbright, presents on the possible EU instrument supplementing AIFMD.

Evert-Jan Spoelder, APG and Chair of INREV Tax Committee will present and discuss some of the most important recent tax developments impacting the real estate industry:

• OECD BEPS Consultation on Action Plan 6
• EU Anti-Tax Avoidance Directive
• Country-by-Country Reporting

Jeff Rupp, INREV, presents and discusses Capital Markets Union.

Wendy Verschoor, Arcadis, presents and discusses the issue with several industry experts.

Michael Newell, Partner at Norton Rose Fulbright presents on the proposed amendments to the UK Limited Partnership Act (LPA).

The OECD recently released the BEPS Action plan with far-reaching recommendations, including interest deductibility (Action 4) and country-by-country reporting (Action 13). Richard van der Linden’s presents on the details and implications of this important topic.

Michael Hornsby discusses AIFMD Manager Guidance.

This briefing does not have a presentation.

Melville Rodrigues, Partner at CMS Cameron McKenna presents on third country manager and fund issues under AIFMD.

Marian Scheele, Clifford Chance discusses what real estate fund managers need to know about MiFID 2.

Bradley Rice from Nabarro presents on member states definitions of marketing under AIFMD.

Ben Nutley and Swapnil Bhonsle from Aberdeen Asset Management present on practical experience in reporting to regulators under AIFMD.

Michael Hornsby presents on the requirements and role of external directors under AIFMD - practical aspects of how this is evolving in the real estate funds industry.

Jeff Rupp, Director of Public Affairs, INREV, discusses European Long-Term Investment Funds (ELTIFs)

Jeff Rupp, INREV Director of Public Affairs presents what non-EU fund managers need to know about AIFMD.

Nichola Peters & Lee Sheldon, both Partner at Addleshaw Goddard, discuss money laundering, bribery and sanctions issues in real estate.

Marieke van Kamp, Head of Real Estate & Alternatives at NN Group presents on the practical implications of complying with Solvency II.

Bradley Rice, Nabarro presents on the practical aspects of operating under an AIFMD passport.

Evert-Jan Spoelder, APG, presents on the implications of AIFMD on fund tax structures.