EN FR NL HOME PORTFOLIO LEASINVEST INVESTOR RELATIONS NEWS CONTACT TAX REGIME Leasinvest Real Estate – Belgium Main characteristics (RREC Law of 12 May 2014) of a regulated real estate company: mandatory stock exchange listing activity limited to real estate investment risk diversification: no more than 20% of the consolidated assets may be invested in a single property. In certain cases a derogation can be obtained by the FSMA; such a derogation has until present not been granted to Leasinvest Real Estate. the consolidated debt ratio of the regulated real estate company and its subsidiaries, and the statutory debt ratio of the regulated real estate company is limited to 65% of the consolidated or statutory assets, after deduction of the authorized hedges a regulated real estate company cannot grant loans to third parties apart from its own subsidiaries quarterly valuation of the real estate portfolio by an independent real estate expert properties booked at fair value - no depreciation on real estate assets distribution, in the case of profit, of at least the positive difference between 80% of the corrected result and the net decrease of the debts during the financial year, with regard to the limitations provided by article 617 of the Company Code no taxation on corporate results & capital gains against apart from on the sum of the disallowed expenses and abnormal and benevolent advantages withholding tax of 27% on dividend no withholding tax for non-residents who are not engaged in a profit-making activity supervision by the FSMA Leasinvest Immo Lux – Grand Duchy of Luxembourg SICAV-Specialised investment fund: open-ended real estate investment fund with variable capital stock listing is not mandatory only well informed investors (‘investisseurs avertis’), in the sense of article 2 of the law of 13/02/07 regarding specialised investment funds are admitted as shareholders mainly real estate investments Risk diversification: maximum 30% of the consolidated assets can be invested in one property/complex, or can be invested in securities issued by one same company. In certain cases, a derogation can be granted by the CSSF debt ratio of maximum 50%, but derogation to 65% granted by the CSSF annual valuation by an independent real estate expert real estate assets booked at fair value - no depreciation on real estate assets no minimum distribution of the operating result no corporate taxes on corporate result nor on capital gains no withholding tax on dividends (in case the dividends are paid in favour of the regulated real estate company) supervision by the “Commission de Surveillance du Secteur Financier”, but no mandatory stock exchange listing Disclaimer and Privacy Policy Home Portfolio Leasinvest Investor Relations News Contact T +32 3 238 98 77 E info@leasinvest.be