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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
French REIT/SIICs to let exit tax lapse at end-2011
The French Real Estate Investment Trust community will not attempt to extend the so-called exit tax after expiry at the end of this year, says Jean-Paul Dumortier, head of the industry association FSIF. The tax is a halved corporate rate that has been applicable for the last five years on capital gains made by firms selling assets to REIT/SIICs.