Peru Enacts Tax Deferral Incentive for REIT Property Contributions
Peru has enacted Legislative Decree 1188, which was published in the Official Gazette on 21 August 2015. The Decree implements an incentive to promote investments in real estate investment trusts (REIT) by allowing taxpayers to defer capital gains tax and transfer tax on the contribution of immovable property to a REIT. Under the new rules, those taxes are instead levied when the REIT subsequen…
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