IN BRIEF: Schroder European Real Estate potential tax exposure higher
18th Dec 2024 08:57
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says its potential tax exposure in France is higher than earlier estimates. It has received a formal 'proposal for adjustment' from the French tax authority, which includes a proposed penalty on any tax found ultimately due. Including interest and penalties, the potential exposure for the group is expected to be up to EUR14.2 million. Two weeks ago, Schroder European Real Estate had indicated that a possible exposure was between none and EUR12.6 million, excluding potential penalties. It said at the time that the French tax authority was proceeding with a tax audit related to its French tax structure. Read More