When it comes to real estate development, it happens frequently that the developer erects the constructions based on a mere long leasehold with deferral of the ownership transfer. As a consequence, prospective buyers are being offered to contract with two distinct sellers: the developer with respect to the constructions (either […]
Year: 2018
VAT: shall a lease agreement with call option be qualified as a supply of good or service?
The European Court of Justice has delivered, on the 4th October 2017, important clarifications regarding the characterisation as a “supply of service” or “supply of good” under the VAT legislation of a lease contract with a call option*. Relevant issue, if any, as the lease is subject to tax, in […]
The new tax reform deeply impacts M&A transactions
Le contexte fiscal entourant les opérations de (re-)structuration des entreprises connaît des changements importants. Eric-Gérald Lang, avocat spécialisé en droit fiscal et fondateur du cabinet Lang Legal, nous en livre un aperçu. Quel est le contexte fiscal dans lequel évoluent les (re-)structurations d’entreprises ? Eric-Gérald Lang : « La fiscalité des entreprises se complexifie à outrance. Elle s’inscrit dans […]
The valuation of usufruts: which standard to use?
An accurate valuation of the usufructs is a precondition to a successful operation, mainly to avoid the risk of taxation of a deemed remuneration in kind in the head of the director and/or the disallowance of the related costs incurred at the level of the company. But, as we […]
In-house capital gains: first rulings re the “sale” of shares to a (partly) affiliated holding
Depuis la refonte du régime des plus-values internes par la Loi-programme du 25 décembre 2016, l’ « apport » d’actions par une personne physique à une holding interne a perdu beaucoup d’attraits (sinon s’avère désastreux). Aussi, la « vente » des actions devient-elle la seule piste concevable et était-il prévisible […]