Canada: Property Transfer Tax Measures – BC 2018 Budget

Effective February 21, 2018, a further tax rate of 2% is applied to the fair market value of the residential component of a taxable transaction that exceeds a threshold of $3 million. The total rate of tax on the part of the residential component above the threshold is 5%, which is made up of the existing 3% rate on the fair market value of taxable transactions above $2 million plus the new 2% rate […]

By |March 1st, 2018|

Persistent Uncertainty Regarding The Amendment To The Czech Building Act

The proclaimed goal of the new legislation is to speed up the lengthy approval process hindering building projects. Nevertheless, some provisions of the amendment were challenged before the Constitutional Court.

A new amendment no. 225/2017 Coll., (the “Amendment”) to Act No. 183/2006 Coll., on Town and Country Planning and the Building Code (the “Building Act”) became effective as of 1 January 2018 and significantly modifies the current state of the approval process in order to […]

By |February 23rd, 2018|

Commercial Real Estate Indexation – IFRS 9 Implications

The IFRS 9 standard requires firms to quantify an unbiased expectation of credit losses (ECL) for in-scope instruments (IFRS9.5.5.17) that incorporates all reasonable and supportable information (IFRS9.5.5.4). As the transition date approaches, many firms have finalised their collective quantification approaches and, indeed, a consensus around modelling approaches may be beginning to appear.

For individually assessed exposures, however, there appears to be little consensus on what inputs to capture and how to process them in order […]

By |February 22nd, 2018|