Article - 06 December 2019 - Global

Additional tax assessment for revision VAT rightly imposed with retroactive effect

Additional tax assessment for revision VAT rightly imposed with retroactive effect The vendor still owes revision VAT if it is established that the transfer...
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Article - 06 December 2019 - Global

2% real estate transfer tax applies to DIY plots

The 2% rate should be applied to residential property and addressed the problem of rates for transformations.
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How we can help

To successfully close the deal in a real estate acquisition or disposal your tax and legal structure, including the financing of the transaction, needs to be impeccable. Our dedicated transaction team will advise you on every step of the way, from the first letter of intent until closing.

Our services

Our long-standing experience and full-service offering allows us to assist on all tax and legal aspects of a transaction. Our services include the following:

Acquisition phase

  • Full legal, corporate and tax due diligence & SPA negotiations;
  • Banking & financing – assist in obtaining bank financing, drafting shareholder’s loans, security packages and legal opinions;
  • Transaction structuring, including VAT and real estate transfer tax, transfer pricing, advice on optimal holding structure and international tax advice;
  • Incorporation of SPVs; and
  • Transfer of shares or assets and closing the transaction.

Holding phase

  • Drawing up of contracts for the provision of services, development agreements, lease agreements, cooperation agreements and implementation agreements;
  • Representing clients in legal proceedings in all related fields, including disputes with a seller, on construction, with tenants, local municipalities and governments, etc.; and
  • Ongoing tax advice and compliance, including annual corporate income tax returns and monthly, quarterly or annual VAT returns.

Exit phase

  • Full legal, corporate and tax vendor due diligence & SPA negotiations;
  • Advice on tax consequences of exit and optimal exit scenario;
  • Execution of sale by transfer of shares or assets; and
  • Liquidation of remaining SPVs.