Tax

In the real estate sector, GALM Avocats advises clients both on real estate assets themselves as regards acquisitions, disposals, development or buy-sell transactions requiring the application of specific tax regimes, as well as on the structuring of vehicles (including real estate companies) or investment funds, whether regulated or otherwise (OPCI, SCPI, FPCI, etc.), in conjunction with the corporate team. GALM Avocats also assists its clients with recurring tasks, for example – as regards real estate investment funds and their subsidiaries – calculating a fund’s real estate ratio as at 1 January of each year for real estate taxation (IFI) purposes, reporting for the 3% tax, verification of draft tax returns, etc. 

The GALM Avocats tax team also runs the “Fiscalimmo” website, dedicated to real estate taxation, as well as advising clients outside the real estate sector (e.g. commercial or industrial enterprises) on their current tax situation or their restructuring and acquisition/disposal operations. It can also advise private clients on their real estate transactions and asset management techniques.

Finally, GALM Avocats assists insurers who specialise in covering tax risks, particularly in connection with the disposal of assets or of companies in the context of liability guarantees. The team both provides advice and helps with tax audits and any resulting litigation.