taxnews.ey.comPrint

19 October 2016

Poland publishes draft bill introducing REIT as new investment vehicle

The Polish Ministry of Finance on October 14, published the first draft of a bill implementing the Real Estate Investment Trust (REIT) as a new corporate income tax (CIT) exempt vehicle for certain real estate investments. This follows the Ministry's announcement earlier this year. According to the Ministry, the proposal is aimed at attracting investors who to date have not entered the Polish real estate market or, due to lack of sufficient local incentives, operated via other investment structures. The REIT is also envisaged as a platform to allow smaller investors to participate in the commercial real estate market, despite high natural entry thresholds on this market.

A Tax Alert prepared by Ernst & Young Poland, and attached below, provides additional details.

———————————————
ATTACHMENT

Full text of Tax Alert 2016-1775

Document ID: 2016-1775

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement