Clifford Chance
New aspects of the Spanish SOCIMI regime
16 May 2012
Content
A. Changes to the general SOCIMI regime.
- Greater flexibility of the requisites for admission to listing.
- Reduction in the period required for the properties developed by the entity to be kept under lease.
- Removal of the requisites of diversification of assets.
- Removal of the requisite of minimum external financing.
- Reduction in the amount of the minimum required share capital.
- Reduction in profit distribution obligations.
B. Improvement and simplification of the tax regime of the entity
- Taxation depending on the result and not on profit distribution.
- Increase in the exemption of income from the lease of housing.
- Unified tax rate (19%).
