The lower house of parliament in the Netherlands has backed a proposal to allow tax-friendly property vehicles FBIs develop for their own account. FBI’s are the Dutch equivalent of a real estate investment trust (REIT). Under the legislation, which still has to be approved by the Dutch senate, FBIs would be permitted to set up a taxable subsidiary to carry out redevelopment. As long as the work relates to less than 30% of the taxable value of a property, tax is not incurred.
Premium subscriber content – please log in to read more or take a free trial.
