Episode Summary

As countries adopt the IPI MCAA framework, one of the most important questions is: What exactly will be shared?In this episode, we break down the full scope of information exchanged between tax authorities regarding immovable property—covering the asset itself, its transactions, its owners, and any related income.This is the most detailed international real estate reporting standard ever proposed, and understanding its components is essential for advisors, compliance teams, and internationally mobile individuals.🔎 What You’ll Learn in This Episode:1️⃣ Information About the Property ItselfJurisdictions will exchange key details that identify and describe the asset, including:• Property address• Unique reference number• Type of immovable property• Property value and date of last valuation• Type of ownership or rights held• Fraction or share of ownership2️⃣ Transaction-Level InformationWhen properties change hands, tax authorities will receive data on:• Purchase or sale price• Dates of acquisition or disposal• Mode of transfer (sale, gift, inheritance, etc.)• Financing details• Capital gains and the relevant tax year• Taxes paid on the transaction3️⃣ Legal Ownership InformationFor individuals:• Full name• Tax residence jurisdiction• Local address• Tax Identification Number (TIN)• Date of birthFor entities:• Entity name and type• Jurisdiction of tax residence• Local address• Entity TIN• Business identification number4️⃣ Beneficial Ownership InformationWhenever available, jurisdictions will exchange:• Name of the beneficial owner• Type of beneficial owner• Tax residence jurisdiction• Local address• TIN• Date of birthThis adds transparency in cases where property is held through companies, trusts, or other structures.5️⃣ Recurrent Income InformationAnnual income linked to the property will also be reported, including:• Amount and type of income (e.g., rental)• Taxes paid• Tax year to which the income relatesFor individuals receiving income:• Name• Tax residence• Local address• TIN• Date of birthFor entities receiving income:• Name and entity type• Tax residence• Local address• TIN• Business identification numberThis episode offers a clear, structured breakdown of what international tax authorities will soon be able to see—and why this level of real estate transparency represents a major evolution in global tax cooperation.
... Show More

    No results