Skip to main content
Practical Handbook for Companies 2021

Box 00004 Real estate investment company or real estate investment fund

This box should be ticked by real estate investment companies and funds regulated by Law 35/2003, of 4 November, on Collective Investment Institutions, and which, as non-financial collective investment institutions, have as their exclusive purpose the investment in any type of urban real estate for rental and to which the tax rate of 1 per cent established in article 29.4 of the LIS applies.The application of this tax rate shall require that the real estate assets of the aforementioned collective investment undertakings are not disposed of until three years have elapsed since their acquisition, unless, exceptionally, there is express authorisation from the National Securities Market Commission (CNMV).

This box should also be ticked by companies and real estate investment funds regulated by the Law on Collective Investment Institutions, which carry out exclusively the activity of housing development for rental purposes, and to which the tax rate of 1 per cent established in article 29.4 of the LIS is applicable.

Institutions ticking this box must complete pages 44 to 48 of Form 200 relating to Collective Investment Undertakings, rather than pages 3 to 11 of Form 200.