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Forward purchase and Forward funding: what’s in a name?
There is an upward trend in acquiring real estate developments in future state of completion no matter the investment sector (office, retail, healthcare, residential or warehouse). This kind of transaction can be structured either as a forward purchase or a forward funding. Their names being similar; the operations however are different.
On 11 February, Belgian parliament adopted the draft bill on the new tax on securities accounts, a wealth tax. Securities accounts with an (average) value of more than €1.000.000 will be subject to a tax of 0,15%. The (new) tax on securities accounts 2.0 replaces the (old) tax on securities accounts 1.0 that was annulled by the Constitutional Court on 17 October 2019.