Real Estate Tax Services
For international real estate investors, property developers and real estate service providers, tax issues are often incremental in their decision-making process. These tax issues always need to be addressed within the context of real estate transactions, the legal framework, regulatory requirements and the financial structure. With our comprehensive knowledge of real estate business operations, PwC Real Estate Tax supports you in finding appropriate tax solutions.
Today, real estate clients’ needs go beyond professional statements and opinions. In fact they seek thought leaders and innovative advisors who solve problems, who can reliably guide them through the entire real estate investment cycle. Your Real Estate Tax team at PwC uses its international know-how to deliver solutions of the highest quality.
Our approach
Regardless of whether you are fund initiators, institutional investors, property holders, private equity investors, our inter-disciplinary team delivers tailor-made solutions. Our Real Estate Tax Team comprises approximately 100 staff members who have a long track record in advising in the real estate industry. We are integral part of our global PwC-Real-Estate network.
Our consultancy practice, our legal advisory team and the audit practice are ready to support if required.
Our Services
Our advice covers the full investment cycle from one source.
Transaction advice
Whether by asset deal or share deal, real estate transactions often take place in a highly competitive environment within tight time frames. Therefore, multiple task need to be tackled and coordinated among the various teams within a short time period.
The PwC Real Estate Tax team is at your disposal with sound tax structuring experience and tax due diligence know how. Our industry knowledge will fee into your transactions to ensure an effective implementation, whilst sticking closely to content and time guidelines.
Our German team together with our international tax network allows us to provide high-profiled and reliable advice on large portfolio investments, even within ambitious time constraints. In doing so we cooperate closely with our PwC transaction advisory team and the experts from PwC Legal.
Our range of services
- tax structuring advice for German and outbound real estate transactions structured either as share deal or asset deal
- tax due diligences and tax fact books (share deal and asset deal; buy-side and sell-side)
- advice in setting up and populating virtual data rooms and support in Q&A processes
- advice on and assistance with tax clauses in real estate sale and purchase agreements, cross-border loan agreements and other contracts
- post deal integration: assistance with the implementation of the acquired portfolios
Tax advice for real estate funds
A number of tax-related and regulatory issues emerge when setting up real estate fund structure, during the holding period and at exit. These issues request a holistic approach with respect to the investors’ requirements, the choice of the fund vehicle and the particular target investment. For each of these tasks, we closely team up with PwC Real Estate Experts of Advisory, PwC Legal and Assurance.
Our range of services
- tax-related optimization of domestic, cross-border and multinational fund structures at initiation
- ongoing tax advice (for example, investor tax reporting according to section 5 of the German Investment Tax Act)
- tax advice in relation to inbound and outbound transactions
- tax advice for distressed real estate funds and liquidation of property funds
- tax-related restructuring of real estate funds
- review of target funds from a tax (incl. CFC) and regulatory point of view
- tax or regulatory advice for institutional investors
Ongoing tax consulting
During the holding period of a real estate investment or during developments, a number of tax-related tasks need to be considered, such as tax compliance or tax audits. This is covered by our service delivery as well. Moreover, restructuring needs and refinancing project attract tax implications during the holdings period, where we are providing advice.
Our range of services
- tax declarations, accounting and annual financial statements
- support in tax audits
- monitoring of real property tax and real estate transfer tax
- valuation of real estate for tax purposes
- tax optimization for real estate portfolios
- tax-related optimization of refinancing structures
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