European Union - Real Estate Funds: VAT Exemption for Fund Management Services
- European Union,Netherlands
- R. Glohr; M. Lambion
- European Taxation, 2017 (Volume 57), No 1
- 14 December 2016
The authors comment on the decision of the Court of Justice of the European Union in Fiscale Eenheid X NV (Case C-595/13), wherein the Court confirmed that real estate investment funds are eligible to receive VAT-exempt management services, but that “property management” services are not included in this concept, and establish a clear link between the benefit of the VAT exemption and the “specific state supervision”.