Assets.kpmg [2022]

Last Update: April 3, 2022

Real estate leases

What is the typical classification of real estate leases? Typically, landlords classify leases of real estate as operating leases, because the underlying asset – the real estate – generally has a long useful life and significant residual value. However, a lease of real estate may be classified as a finance lease. This may be

Actived: 8 days ago

URL: https://assets.kpmg/content/dam/kpmg/be/pdf/2021/real-estate-leases_lessor_KPMG_2020.pdf

Real Estate Leases

(4 days ago) its real estate leases, impacting many key ratios. 1.1 Key impacts – Financial ratios. Under the new standard, a tenant brings its real estate leases on-balance sheet, including those previously classified as operating leases under IAS 17 . Leases. The only exception will be real estate leases that qualify for the short-term recognition

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Real Estate Tokenization

(3 days ago) Real estate is traditionally one of the most illiquid asset classes, requiring significant capital commitments and entailing long, expensive transaction processes. As a more liquid way to gain access to the real estate sector, Real Estate Investment Trusts (REITs) has outperformed other major asset classes over the long run.

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Real estate accounting and reporting

(4 days ago) to sales of real estate. The Q&A addresses some of the common questions about the effects of the new standards on sales of real estate. Equity investments and financial liabilities The FASB issued a new accounting standard that significantly changes the income statement effect of equity investments held by an entity and the recognition

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Real estate accounting and reporting

(4 days ago) Real estate accounting and reporting 2. The following is an overview of the two-step test: Fewer real estate transactions will qualify as business acquisitions under the new guidance than qualify today, but it may be difficult to determine whether assets are

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Real Estate: Are you providing a complete picture of

(Just Now) Real Estate sector . 1. Don’t let asset revaluations obscure the value added through site development . Many real estate businesses are adept at generating a stream of value gains as they move assets through their development pipeline. This value stream can be an important part of overall value but the gains being generated can be obscured by

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Audit of Real Estate Companies

(Just Now) Real Estate segment as a component of the Audit business and specialized teams. Preparing balance sheets, valua - tions, taxes risk management systems (real estate, interest, currency and liquidity risks) as well as reporting require specific know-how that is reflected in the audit team

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Canadian Real Estate Tax Handbook

(9 days ago) Welcome to the 2017 edition of KPMG’s Canadian Real Estate Tax Handbook. This book is intended for tax, accounting and finance professionals and others with an interest in the Canadian income tax and GST/HST issues impacting the Canadian real estate industry. KPMG has prepared this tax handbook in order to provide the Canadian real estate

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Realizing value in real estate

(5 days ago) our real estate practice comprises of over 8,500 professionals across 146 countries who draw on experience from diverse backgrounds, including accounting, tax, advisory, banking, regulation and corporate finance, to provide you with informed perspectives and clear solutions

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The Evolution in Real Estate

(1 days ago) European real estate fund manager faced significant regulatory changes 10 Major property developer required risk management framework 11 Real estate portfolio management — Advise on real estate strategy, value-based portfolio management, portfolio valuation, optimization of space management and property costs, and transaction preparation

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Women in real estate

(6 days ago) Real estate may be a traditionally male-dominated business, but the organizations that will succeed tomorrow will need to break the mold—by empowering women to break the glass ceiling. Advancing women in the industry is an increasingly top-of-mind issue in real estate. Industry leaders are recognizing that good investment

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Tax Update: Understanding Real Estate Transaction Tax

(5 days ago) The real estate developer will declare and pay the tax due on the full value of the transaction and submita claim for a refund of the tax tothe MoHbased on thecitizen’scertificate. III. Other implications All persons and entities involved in real estate transactions must consider the potential implications of

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Real Estate and Hospitality

(3 days ago) REAL ESTATE SECTOR This year, the sector has experienced a significant drop across multiple indicators. According to a Dubai Chamber of Commerce & Industry report, 96% of real-estate businesses surveyed experienced a decrease in sales/ turnover in Q1 2020. Looking ahead to Q2, 62% expect an additional decline of 75% or greater, compared with Q1

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Entering the Mainstream: A Review of Alternative Real Estate

(5 days ago) real estate requires specialist expertise that real estate players do not always have. There is a need to understand the niche aspects of assets at a more granular level, in order to be fully aware of the risks and deliver the expected returns. This may

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Real Estate + Real Innovation

(4 days ago) the real estate industry, project developers, investors and those who hold properties in their portfolio to report a need for repair at an early stage and thus significantly reduce maintenance costs and increased electricity consumption. In addition, it is also important

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Real estate, a market of opportunities in Mexico

(3 days ago) real estate investments display and develop their business strategy. Previously, the investment was driven by the benefits resulting from the sale of an asset. Now we face a different analysis in which the development of the asset and all of the subsequent flows are crucial to the overall

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Anti-Money Laundering & Real Estate

(8 days ago) reporting obligations on real estate brokers, sales representatives and real estate developers. Real estate developers that, for example, have sold five new houses or condominium units to the public in any calendar year need to have an AML and CTF program. 2 While this requirement is not new, there has recently been an increasing focus on

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Indian real estate and construction: Consolidating for growth

(1 days ago) The real estate sector in India entered a revitalisation mode during 2018 where the teething problems posed by various regulatory reforms started settling in. In the last few years, the central government . introduced several landmark reforms (such as RERA,

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Building optimism

(7 days ago) The current state of real estate development in New York City Indicators suggest cautious optimism for the coming year, following a more subdued 2017. That was the consensus of insights from a number of prominent real estate professionals who spoke recently at KPMG LLP’s conference, “The Current State of Real Estate

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Valuation of Real Estate Companies in Accordance with the

(Just Now) The value of the real estate company is to be determined in accordance with Art. 70 InvG applying the generally accepted principles for the valuation of corporate holdings. The starting point of the valuation is the real estate value determined by …

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Acquisition of residential properties in Switzerland

(5 days ago) In Switzerland, real estate for private use is usually held directly, regardless of the purchaser’s place of residence. This means that the property is in the direct ownership of the owner without the need for a legal structure. All the same, a structure should be seriously considered in certain cases, in particular:

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Real Estate Stakeholder Options

(7 days ago) 2. Real estate options’ appraisal process. For directors, shareholders, lenders and stakeholders in a stressed business, the Options’ Appraisal Process can help to . identify solutions even if only a short amount of time is available. Stakeholder management

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The implications of COVID-19 for the real estate industry

(3 days ago) perspective of real estate end-users, in which real estate is supporting to a company’s core business, and 2) The perspective of real estate and construction companies, for which real estate is corebusiness. Effects of COVID -19 on the macro-economy are impacting the entire Real Estate industry. Approach and Mitigations. Assess. Adopt. Adapt

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Investing in Real Estate in Norway

(4 days ago) 2 Purchase of real estate. 2.1. Introduction. As mentioned above, most real estate transactions are carried out by . purchasing either a transparent entity or a limited company. For real estate that will be developed and sold as residential property this is, however, not always the case. The rationale for selling real estate either

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Real estate developers

(4 days ago) IFRS 15 will change the way many real estate developers account for sales contracts. To help you drive your implementation project to the finish line, we’ve pulled together a list of key considerations that all real estate developers need to focus on.

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VAT Taxpayer Guide Real Estate

(Just Now) related to Real Estate. The guide reflects the TA’s interpretation on the application and treatment of VAT with respect to the VAT Law and the Executive Regulations concerning Real Estate at the date of issuance of this document. This is strictly a guideline and may not include some relevant legislative provisions in

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Urban Indian Real Estate

(Just Now) introduction of the Goods and Service Tax, Real Estate Act; Relaxation in investment norms, REITs, direct and indirect tax incentives on housing development, and IFRS convergence. The policy reforms introduced recently are expected to transform the archaic business practices in the real estate sector. Among the foremost changes is the promotion of

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Real Estate: Valuation certainity in uncertain times

(5 days ago) Real Estate markets have seen dramatically reduced transaction numbers since the start of the COVID-19 pandemic. With valuations being reliant on transactional data, valuers will need to find alternative justifications to support opinions of value. Without evidence, valuers are required to make subjective and qualitative

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Investing in Real Estate in Norway

(5 days ago) of real estate 2.1. Introduction As mentioned above, most real estate transactions are carried out by purchasing either a transparent entity or a limited company. For real estate that will be developed and sold as residential property this is, however, not always the case. The rationale for selling real estate either through a transparent

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Overview of real estate companies' environmental performance

(8 days ago) The Real Estate industry is well aware of the role they have to play and the challenges ahead in regards to the EU Green deal and the Paris Agreement. In this context, real estate companies have already performed a tremendous job of defining and measuring the relevant indicators in order to implement a suitable

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COVID-19 Impact on Real Estate Market in Sri Lanka

(6 days ago) Impact on Residential Real Estate is less compared with the Hospitality and Retail segments. Closing of deals relating to the sale and renting of apartments and houses will be on hold for a period of time, due to the difficulty in arranging sales visits and inspections of properties. Further,

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COVID-19: React, adapt and recover – The new reality

(3 days ago) real estate efficiency focus and technology . adoption will reshape the commercial real estate landscape. Purpose built real estate, space utilisation optimisation, cash conservation and cost curtailment will emerge as the revival mantra. Driven by strong foundation of large IT/ITeS tenant base, long term contracts, steady

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Guide to Taxes on Real Estate in Central and Eastern Europe

(4 days ago) REAL ESTATE TAX Individuals and legal entities that own real estate property in Albania are subject to real estate tax. Local taxes on real estate consist of the real estate tax on buildings and on agricultural land. Regarding real estate tax on buildings, the tax base is calculated as the floor area of the buildings measured in square meters

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REAL ESTATE: Taxation of real estate investment trusts

(4 days ago) The ever increasing popularity of Real Estate Investment Trusts (REITs) and similar vehicles demonstrates the growing demand for tax efficient, liquid and transparent vehicles for investing in real estate. Since its first enactment in the US

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Cyprus Real Estate Market Report

(5 days ago) The real estate sector continues to play a pivotal role in the Cypriot economy, therefore we are pleased to present our newest KPMG Cyprus Real Estate Market Report – The Insights. This is the 10th edition of our report, which provides insightful leads into the Cypriot economy and the local real estate market.

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