Polish Ministry of Finance officially relaunches work on the REIT Act
schedule 06 April 2018
The Ministry of Finance has restarted work on the draft law on Polish REITs or “Firmy Inwestujące w Najem Nieruchomości” (FINN). The official draft law has not yet been presented, but some information regarding FINN has been published in the official journal.
FINN are to operate in the form of joint-stock companies, and their main business will be renting residential real estate. According to the official information issued by the Ministry of Finance, FINN will be subject to preferential taxation rules, which assume:- the introduction of am 8.5 pct CIT (Corporate Income Tax) rate on a FINN's income from the rental of residential real estate;- the deferral of the obligation to pay CIT by FINN on income from the rental of residential real estate and from the sale of such real estate – until its equivalent is paid out to investors (shareholders) in the form of a dividend;- a tax exemption for FINN subsidiaries for rental income from residential real estate and from th
Already have an account? Log in
30% of content remaining
Unlock full access to the article
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
- Lifetime access to current material
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young