Presentation on theme: "Special Interest Group Real Estate Business Plan 2014/2015 2014 Annual Tax Conference Hong Kong Presented by: Henning-G. Wind."— Presentation transcript:
Special Interest Group Real Estate Business Plan 2014/2015 2014 Annual Tax Conference Hong Kong Presented by: Henning-G. Wind
Agenda 1.Status 2.Global proposal request 3.Development of Nexia web page for SIG RE 4.Real Estate Transfer Taxes 5.SIG RE Newsletter 6.SIG Real Estate meets industry
Status Kick-Off Annual Tax Meeting Miami May 2012 7 founding members representing 6 countries Two major goals: Business development & education Continuous growth ever since Hong Kong conference 27 members, 21 member firms, representing 16 countries on 4 continents (Australia, Belgium, Canada, Cyprus, Czech Republic, France, Germany, India, Italy, Luxemburg, Netherlands, Poland, Singapore, Spain, UK, USA) Ambition for further network expansion Key targets: South America, Africa, China, Russia, Turkey
Where are we standing? Recent practical experiences What do we want to achieve? achieve professional and customer oriented look Develop Uniform Pitch Information Template Global Proposal Request
Development of uniform proposal formats – uniform firms’ profile presentation – uniform CV template, describing relevant experience – define the main contacts for RE (Tax) matters on global and local (firms’) level – professional look through up to date photos – uniform description of names of relevant reference mandates
Global Proposal Request Information to be provided – Geographic coverage – Process & Experience – Staffing & Contact – Performance measurement processes, quality control – Fees – Insurance – no cap request – Consolidation & Reporting – process description
Development of Nexia web page for SIG RE Internal web page for Nexia members External web page for the public Opportunity of use as a powerful marketing tool
Real Estate Transfer Taxes Country 1. RETT (Real Estate Transfer Tax) 2. Tax Base 3. Tax Rate 4. Tax bearer 5. Acquisition of shares in a company holding real estate subject to RETT?
Real Estate Transfer Taxes Country 6. Acquisition of interest(s) in a partnership holding real estate subject to RETT? 7. Subject to VAT? 8. Inheritance Tax 9. Gift Tax 10. Wealth Tax Link: RETT Table
Real Estate Transfer Taxes Current status RETT table – RETT key figures for 19 countries (Australia, Belgium, Canada, China, Cyprus, Czech Republic, France, Germany, Hong Kong, India, Italy, Japan, Luxemburg, Netherlands, Poland, Singapore, Spain, UK, USA) Finalize RETT table – To be published both on internal and external website – Hard-copy marketing material? Possible expansion on further countries? Continuous update Starting point for development of further marketing tools
SIG RE Newsletter 2 nd edition SIG RE Newsletter recently released – Status and participation – Articles from Italy, Poland, Belgium/France, India and Germany 3 rd edition SIG RE Newsletter – by MIPIM 2015 – Support? – Articles? – Deadline?
SIG Real Estate meets industry Status Participation