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Clifford Chance

Clifford Chance


New aspects of the Spanish SOCIMI regime

16 May 2012


A. Changes to the general SOCIMI regime.

  1. Greater flexibility of the requisites for admission to listing.
  2. Reduction in the period required for the properties developed by the entity to be kept under lease.
  3. Removal of the requisites of diversification of assets.
  4. Removal of the requisite of minimum external financing.
  5. Reduction in the amount of the minimum required share capital.
  6. Reduction in profit distribution obligations.

B. Improvement and simplification of the tax regime of the entity

  1. Taxation depending on the result and not on profit distribution.
  2. Increase in the exemption of income from the lease of housing.
  3. Unified tax rate (19%).
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