Actualités> Publication of the legal note on the updated tax regime applicable to SPPICAVs (OPCIs)
05 | 05 | 2012
Publication of the legal note on the updated tax regime applicable to SPPICAVs (OPCIs)
In 2011, the AMF counted 107 OPCIs and more than 11 billion property assets under management. The success of this vehicle is mainly due to its tax regime and the flexibility of its rules.
The tax regime is particularly detailed and provides for “fiscal transparency” treatment for the OPCI: an OPCI does not bear taxes on the profits it realises, provided it distributes a large portion of its income and capital gains on an annual basis. This Legal & Tax Focus presents the SPPICAV tax regime.