The constant regulatory evolution has made this practical resource an indispensable source. Auxadi announces the milestone of the 5th edition of its compilation on ‘The Taxation of SOCIMI’, authored by Noelia Perujo Tomás and Alberto García de Novales. The uninterrupted trajectory of this publication, updated with DGT queries until April 2025, reflects a persistent demand for operational and precise information in a niche area. 

The answer to regulatory ambiguity 

Law 11/2009, which governs REITs (Sociedades Anónimas Cotizadas de Inversión en el Mercado Inmobiliario – SOCIMI), is known for its conciseness, which often hinders a complete and in-depth understanding of these entities in Spain. 

Given the market’s demand for greater clarity, Auxadi has taken on the mission of simplifying complexity. This new edition compiles and systematizes the queries presented by taxpayers to the DGT. Although the official portal allows access for managers and advisors, the information is not always organized in a way that facilitates the practical application of the legislation. 

For this reason, Auxadi has updated and organized each query, clearly referencing the articles and provisions of the law, to thus offer a practical and operative guide. 

An essential tool for Real Estate investment 

‘The Taxation of SOCIMI’ (5th edition) is specifically designed with Fund Managers and real estate managers operating with real estate investments in Spain in mind. 

The value of this document lies in its structure: 

  • organization by article: queries are organized according to the article they refer to, allowing for quick location of the applicable regulation for a specific situation. 
  • evolutionary view: it includes a temporal ordering of the queries. this allows for visualizing the development of the market and the evolution of the regulation since its origin, facilitating the understanding of tax and regulatory trends. 

The SOCIMI Law, after five modifications (the last one in July 2021), encompasses a total of 13 articles and 20 provisions. This book not only covers all this complexity but also breaks it down and makes it accessible. 

A better future for the sector 

Auxadi trusts that these investment vehicles will be recognized as an optimal and prosperous option for investors. Therefore, the writing of the book and the organization of the ‘Working breakfast: SOCIMI, from law to investment strategy’ are part of the firm’s plan to support and promote the Spanish market. 

Access the fifth edition via this link. 

Acknowledgements 

Auxadi expresses its gratitude to the work of the authors of ‘The Taxation of SOCIMI’: Noelia Perujo and Alberto García de Novales, who have been keying in compiling the new queries since the 2023 edition, facilitating the organization and understanding of the content. 

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At Auxadi, we offer comprehensive services in accounting, tax, payroll, transfer pricing and corporate legal services to multinationals and funds. With experience since 1979 and a presence in over 50 countries, including 26 proprietary subsidiaries, our advanced technological platform and proven methodology enable us to guarantee efficient management in compliance with local regulations. 

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Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance, payroll, transfer pricing, and corporate legal services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 26 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.

All information contained in this publication is up to date on 2024. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.