Market leading insight for tax experts
View online issue

Staatssecretaris van Financiën v Fiscale Eenheid X

In Staatssecretaris van Financiën v Fiscale Eenheid X (C-595/13) (20 May 2015) the Advocate General opined that the VAT exemption for the management of certain special investment funds can apply to those investing in real estate.

X was a Dutch fiscal entity made up of several companies. One of those companies A provided various services to a company set up by pension funds to invest in real estate. The company did not have any employees; and therefore the services provided by A included the management of the real estate as well as more administrative tasks.  The first issue was whether a company set up to invest in real estate assets could be considered as a special investment fund exempt from VAT (Principal VAT Directive art 13B). The Advocate General thought that this was the case provided that the company was subject to specific state supervision.


If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.