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V1905-24 ·21 August 2024 ·consulta-vinculante Medium impact
Tax

SOCIMI: bank financing and net financial income distributed proportionally in investment and income ratios under Law 11/2009

A SOCIMI financing from the European Investment Bank and issuing green bonds to invest in its real estate portfolio may treat pending funds as neutral for the investment ratio under Article 3.1 of Law 11/2009, distributing them proportionally between suitable and unsuitable assets. Net financial income from such funds follows the same proportional distribution for the income ratio, while income from cost recovery of guarantees in suitable investment disputes is deemed suitable. Green bond discount repurchase income is also distributed proportionally.

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2024-08-21PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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