| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/10/559 (12.5.10) |
| Publication Date | 12/05/2010 |
| Content Type | News |
|
The European Commission authorised on 12 May 2010, under EU state aid rules, the introduction of 'Real Estate Investment Trusts' (REITs) in Finland that will be exempted from corporate income tax in order to encourage investment in affordable rental housing. After receiving assurances on a few changes, the Commission is satisfied that the scheme does not involve state aid as any profits made by the trusts will be subject to tax at shareholders' level very much like the profits made by individual investors investing directly in the real estate market. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/559&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Finland |
