EconPapers    
Economics at your fingertips  
 

The role of mergers in the acquisition process of real estate funds and the abuse of tax law

Role fúzí v akvizičním procesu nemovitostních fondů a zneužití daňového práva

Jáchym Lukeš

Český finanční a účetní časopis, 2022, vol. 2022, issue 1

Abstract: This article discusses the tax implications of choosing a property acquisition method for real estate funds. As part of the analysis of real estate investment methods, data from 49 real estate funds registered with the Czech National Bank were processed. An analysis of the assets held and the type of returns of individual funds revealed that the most common method of investing in real estate is lending to a subsidiary real estate company. This method of real estate acquisition is based on the accounting effects of revaluation of assets in mergers of an acquisition company established by the fund and an acquired real estate company. At the same time, it is a method that maximizes the tax optimization of the participants and its choice could be assessed as purposeful in order to obtain a tax advantage.

Keywords: Mergers; Real estate funds; Income taxes; Fúze; Nemovitostní fondy; Daně z příjmu právnických osob (search for similar items in EconPapers)
JEL-codes: G23 H26 H32 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.570.html (text/html)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.570.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlcfu:v:2022:y:2022:i:1:id:570

Ordering information: This journal article can be ordered from
Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://cfuc.vse.cz

DOI: 10.18267/j.cfuc.570

Access Statistics for this article

Český finanční a účetní časopis is currently edited by Karel Brůna

More articles in Český finanční a účetní časopis from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().

 
Page updated 2022-10-01
Handle: RePEc:prg:jnlcfu:v:2022:y:2022:i:1:id:570