Taxation

ERRES-Commercial Income holds all its properties through companies. There is no tax advantage for private unitholders domiciled in Switzerland.
The tax value corresponds approximately to the market value.
Dividends are taxed in the hands of the investor and are subject to withholding tax.

However, corporate tax rates are generally lower than those that the SICAV would pay directly.

 

 

This information is provided for informative purposes. Existing and potential investors are advised to assess the implications of investing in a sub-fund from the SICAV, with a tax advisor where applicable.