The tax system of SOCIMIs

Identifier:  TFG:1043

Handle: https://hdl.handle.net/20.500.11797/TFG1043

Authors:  Aliaga Guzmán, Alba

Abstract:
The SOCIMIs is a Listed Corporations for Investment in the Real Estate Market created in 2009 by the law 11/2009. Although the regulation having been in force for 7 years, we found that this kind of society is innovative and at the same time quite unknown. This society is focused on one of these corporate purposes: acquisition and development of real estate, participation in other SOCIMIs, participation in similar entities and participation in collective investment institutions. On the other hand , the SOCIMIs has various peculiarities in his tax regime , such as the decrease in the tax rate of corporate income tax rate being originally 18% and is currently at 0% . Therefore, this society today should not pay the tax. In addition, we must also take into account the different changes that have taken the requirements of the entity as is the reduction of social capital, which has moved from 15 million euros to 5, and the disappearance of the limit of 70 % of the external financing. Finally, the SOCIMIs also brings different characteristics that unlike ordinary societies , such as the obligation to trade on stock markets or their regulatory investment partners gives its own tax system.