How often will countries exchange real estate information under the new transparency framework? In this episode, we break down the reporting timelines built into the IPI MCAA (Immovable Property Information Multilateral Competent Authority Agreement)—and what they mean for tax authorities, advisors, and internationally mobile property owners.The agreement sets out two types of exchanges: a one-off exchange of historical property holdings and annual exchanges covering new acquisitions, disposals, and recurrent income. Understanding the timing requirements is crucial for compliance and system readiness.🔎 What You’ll Learn in This Episode:• The one-off exchange deadlineWhen two jurisdictions activate the IPI MCAA, they must exchange information on pre-existing property holdings by 31 January of the following year.This buffer period gives tax administrations enough time to collect, verify, and prepare data before sharing it.• Annual exchange timelinesEvery year, participating Competent Authorities are expected to automatically exchange information on:– New property acquisitions– Property disposals– Rental or other recurring income from immovable propertyThey should aim to complete these exchanges by 31 January, but must do so no later than 30 June.• What “preceding year” means for reportingThe annual exchanges must include all real estate information that became readily available to the tax administration during the previous calendar year.• Why timing mattersClear deadlines help ensure:– Predictable reporting cycles– Consistent international cooperation– More effective use of the exchanged data for tax compliance and enforcementThese timelines also give jurisdictions a workable structure for implementing the IPI MCAA without overwhelming their administrative systems.