The FIIS/GVBF (“Fonds d’investissment immobilier spécialisé”/”Gespecialiseerd vastgoedbeleggingsfonds”) is aimed at real estate investments by institutional/professional investors and has been designed to compete with similar foreign regimes. The vehicle benefits from the same attractive tax regime as the existing Belgian REITs. The legal framework is however more flexible. Therefore the FIIS/GVBF promises to offer an interesting alternative for investments by large and institutional investors in real estate and affiliated products.
© 2018 KPMG Tax and Legal Advisers, a Belgian Civil Cooperative Company with Limited Liability (burg. CVBA/SCRL civile) and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.