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Inovalis Real Estate Investment Trust Provides Update on Arcueil Withholding Tax Matter and Appeal
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Inovalis Real Estate Investment Trust Provides Update on Arcueil Withholding Tax Matter and Appeal
TORONTO -- Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that the Paris Administrative Court has issued a ruling regarding withholding tax reassessments related to the Arcueil property for the 2017 to 2019 taxation years, during which the REIT held a 25% interest in the property through a joint venture. The Court has confirmed a tax liability of approximately €5.888 million ($9.294 million) , including principa…
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