Real Estate Investment Trusts in Germany

Bulletin for International Taxation, pp. 320-329, June 2010

Victoria University of Wellington Legal Research Paper No. 13/2013

11 Pages Posted: 26 Jul 2010 Last revised: 8 Apr 2015

See all articles by Nicola Fritsch

Nicola Fritsch

Rechtsanwältin

John Prebble QC

Victoria University of Wellington - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Rebecca Prebble

Government of New Zealand - Treasury

Date Written: June 1, 2010

Abstract

In this third in a series of four articles, the authors examine the German Real Estate Investment Trust (REIT) regime. Previous articles dealt with REITs in the United States and the United Kingdom. A subsequent and final article concludes with a comparison of the three regimes. This article explores the implementation and use of the REIT regime in Germany. National REIT regimes provide incentives for indirect investment in real estate by giving certain entities preferential tax treatment. Germany was a relative latecomer to the REIT regime. The article assesses the German experience since 2007. REIT legislation has been considered a positive and necessary step for Germany as a major real estate and financial market, however, there were challenges as a result of the financial crisis of 2008-2009.

Keywords: Property Investment, Tax Advantages, Real Estate Investment Trust Regimes

JEL Classification: K34, K33

Suggested Citation

Fritsch, Nicola and Prebble QC, John and Prebble, Rebecca, Real Estate Investment Trusts in Germany (June 1, 2010). Bulletin for International Taxation, pp. 320-329, June 2010, Victoria University of Wellington Legal Research Paper No. 13/2013, Available at SSRN: https://ssrn.com/abstract=1640895

Nicola Fritsch

Rechtsanwältin ( email )

Germany

John Prebble QC (Contact Author)

Victoria University of Wellington - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

Rebecca Prebble

Government of New Zealand - Treasury ( email )

1 The Terrace
P.O. Box 3724
Wellington, 6011
New Zealand

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