Abstract:

Real Estate Investment Trusts (REITs) are companies that own or finance income-producing real estate. REITs allow the transfer of capital between financial markets and real estate markets. Their main feature is the use of tax incentives that rely on a significant reduction or the absence of corporate income tax. The aim of the paper is to analyse the tax incentives of REITs in the US and the EU. In the article, the author undertook an attempt to analyse the tax treatment of REIT at fund level as well as at the shareholder’s level.