Keywords
real estate investment funds
REITs
real estate market
real estate leasing companies
JEL
G23
O12
How to Cite
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Abstract
In the mid-2016, the first unsuccessful attempt to introduce REITs into national legislation was made. In May 2017, the Ministry of Finance introduced a revised draft on real estate leasing companies (SWRN law) whose construction is similar to REITs. In the view of the opinion-making bodies, which is shared by the author of this article, the adoption of the SWRN law in the form proposed by the Ministry of Finance may produce results other than desired. Instead of increasing the involvement of domestic capital in the real estate market, SWRNs may be used to support tax evasion and effectively stop the development of the real estate investment funds market in Poland. Therefore, in order to eliminate these dangers, certain modifications of the rules of the operation of SWRNs based on SWRN law and changes in the manner of operation of the existing real estate investment funds in Poland as well as solutions used in European countries were proposed.
References
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