Worldwide Real Estate Investment Trust (REIT) Regimes

Worldwide REIT Regimes (3.10mb)

Country summary report

In a difficult market situation, Real Estate Investment Trusts (REITs) have corrected significantly from their peak in 2007. Nevertheless REIT regimes are continuously evolving. New REIT regimes are being introduced and existing REIT regimes respond to the ever changing market environment.

PricewaterhouseCoopers’ Asset Management practice has a global team of real estate tax professionals who have conceived this booklet to keep you up to speed and allow you to compare the various regimes. As you will notice, it is a high level comparison of key attributes of selected REIT regimes. In this year’s booklet, we have included a number of additional countries.

This publication looks at the following aspects of REITs:

Legal form Capital requirements Listing requirements Restrictions on investors Asset / income / activity tests Restrictions on foreign assets

Distribution requirements Tax treatment at REIT level Withholding tax on distributions Tax treatment at the investor level, and Transition to REIT/ tax privileges