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Fund Structuring: Tax Considerations

, Online

The INREV Fund Structuring: Tax Considerations online course will provide delegates with a practical understanding of tax aspects that need to be taken into consideration when structuring a new vehicle.

This online course, which consists of a series of three sessions across two weeks, enables participants to acquire a good understanding of where fund structuring sits in the tax landscape as well as the key tax drivers of a robust and efficient non-listed real estate vehicle structure.

Topics covered include sustainable tax structures from both a fund strategy and investor point of view. The course will also examine the effect of new tax regimes on the non-listed real estate industry with a special focus on INREV’s Code of Tax Conduct as well as the implications of ATAD (Anti-Tax Avoidance Directive) I, II and III.

With a mix of presentations, Q&A and group discussions, participants will learn how to execute and integrate tax considerations into the fund structuring process. The course will end with a case study.
The course will cover:

  • Introduction to tax structuring;
  • The INREV Code of Tax Conduct;
  • ATAD I, II and III and related examples and issues;
  • Substance;
  • Practical examples of how rules should be implemented across jurisdictions.

Who should attend?
The course will be of interest to experienced professionals in the non-listed real estate industry who wish to gain an understanding of tax implications for fund structuring. Applicants should have several years of experience within the real estate funds industry and a good working knowledge of the tax environment for funds. Participants are likely to be from the legal and/or tax teams from investors and managers, and also participants from legal and tax advisors. 

Upon completion of the training, delegates will:

  • Be able to recognise and analyse the key tax drivers of effective fund structuring;
  • Have a good understanding of the recent changes and trends in tax structuring;
  • Be familiar with the INREV Code of Tax Conduct;
  • Recognise ATAD rules and their implications across jurisdictions;
  • Be familiar with substance.

This course is open to members and non-members and counts towards the INREV/Henley Certificate for Non-Listed Real Estate Investments.





Fees & Terms


Online Course for INREV members (€ 450)

Terms and conditions

Fee non-members: €550

1.1. This INREV training course is open to INREV members and non-members.  

1.2. For all attendees, the Membership Terms and Conditions fully apply. In the event of any conflict or inconsistency between any provisions of these course Terms and Conditions and the Membership Terms and Conditions, first these course Terms and Conditions and then the Membership Terms and Conditions shall prevail.

1.3. Attendees will hereinafter together be referred to as “Applicants”.

1.4. The costs of attending the training course (Attendance Fee) is €450 for members and €550 for non-members.

1.5. Admission to this course is subject to registration and subsequent written confirmation of that registration by INREV. Please note that limited seats per organisation are available (limited to three seats per member organisation and one seat per non-member organisation).

1.6. All personal data provided to INREV by Applicants, during the application process or afterwards, will be processed in accordance with the Privacy Statement of INREV, which can be found on the INREV website.

Cancellation and attendance policy

2.1. After registration for the online course, cancellation is possible if that cancellation request is written to training@inrev.org before Tuesday 02 January 2024. 

2.2 In case of a no-show the full course fee is due.

2.3 To deliver a successful course, active contribution is of huge importance and therefore we expect participants to attend all sessions live (incl. the break-out sessions and case studies). If you fail to attend a session, we are regrettably unable to grand you with the course Certificate of Attendance.

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