Taxation

ERRES-Living Income holds all of its properties through real estate companies. There is no tax advantage for private investors domiciled in Switzerland.

The tax value corresponds approximately to the market value.

Distributions are taxable at investor level and are subject to Swiss withholding tax.

However, the tax rates applicable at the level of the real estate companies are generally lower than those that would apply if the properties were held directly by the SICAV.

This information is provided for indicative purposes only. Existing and prospective investors are therefore advised to assess the tax implications of an investment in a sub-fund of the SICAV, where appropriate in consultation with a tax adviser.

IMPORTANT INFORMATION

The circle of authorized investors in the Edmond de Rothschild Real Estate SICAV - Commercial Income sub-fund (’the Commercial Income Sub-Fund") is limited to so-called "qualified investors". The fund documents provide information these restrictions and, where applicable, on other restrictions on the investor base. Accordingly, the information on this website concerning the Commercial Income Sub-Fund is intended exclusively for investors domiciled in Switzerland and considered to be qualified or institutional investors within the meaning of art. 10 para. 3 and 3ter of the Swiss Federal Act on Collective Investment Schemes (CISA).

By clicking on the ‘I agree’ button below, you acknowledge that you have read and understood the above clause, you agree to comply with its content, you confirm that you are accessing this website in accordance with the laws and regulations of the jurisdiction or country in which you reside and that you are a qualified investor within the meaning of art. 10 al. 3 and 3ter of the Swiss Federal Act on Collective Investment Schemes (CISA) domiciled in Switzerland.

IMPORTANT INFORMATION

Edmond de Rothschild Real Estate SICAV (the “SICAV”), Geneva, is an externally managed open-ended investment company incorporated in Switzerland in the “real estate” category, as defined by the Swiss Collective Investment Schemes Act (CISA). The SICAV has delegated its administration, management and distribution to Solutions & Funds SA, Morges, as the fund manager. Solutions & Funds SA has delegated the SICAV’s investment management and exclusive distribution with the power to sub-distribute SICAV shares to Edmond de Rothschild REIM (Suisse) SA in Geneva. Edmond de Rothschild REIM (Suisse) has sub-delegated distribution of the sub-fund Edmond de Rothschild Real Estate SICAV - Swiss ("the sub-fund Swiss") notably to Edmond de Rothschild (Suisse) SA and to Bank Julius Baer & Co Ltd in particular. Banque Cantonale Vaudoise, in Lausanne, is the SICAV’s Depositary Bank. Subscriptions are valid only based on the prospectus in effect with the investment rules and by-laws included, the key information document and the most recent annual report (or, where applicable, the interim report if more recent). These documents are available free of charge from the registered office of the SICAV, c/o Edmond de Rothschild (Suisse) SA, Avenue de l'Étang 62b, 1219 Châtelaine, and from Solutions & Funds SA, Promenade de Castellane 4, 1110 Morges, and from any sub-distributors.

The information contained on this website is provided for informative and advertising purposes only. It should not be taken as investment advice, or as a recommendation to invest, to liquidate an investment or to conduct any other transactions in connection with the SICAV. Furthermore, it should not be taken as a public solicitation or as an offering or invitation to subscribe for shares in the SICAV.  The SICAV, Solutions & Funds SA, Edmond de Rothschild REIM (Suisse ) SA and Edmond de Rothschild (Suisse) SA offer no guarantee on the accuracy and completeness of the information contained on this site, and may under no circumstances be held liable for any losses resulting from the use of said information. The information contained on this site reflects the opinions of the SICAV. Users are advised to contact an independent financial advisor to examine the content of the information provided, in order to ensure that the information in question is appropriate to their situation, based on their investment goals, risk profile, and their personal, financial, regulatory and tax conditions. All investments are subject to risks, including in particular the risk of fluctuations in values and returns. Past performances and financial market scenarios offer no guarantee of current or future results. Any performance data referred to on this site does not include the commissions and fees charged on subscriptions and redemptions of SICAV shares. The reproduction of the information contained on this site, in part or in whole, is prohibited without the prior written consent of the SICAV.

The investment objective for each sub-fund is to substantially preserve invested capital over the long term and to distribute appropriate income. The Board of Directors of the real estate SICAV and the Investment Manager will make every effort to achieve the specific investment strategy established for each sub-fund, based on the datasheets associated with the investment rules. It should be noted, however, that the achievement of the strategies may be subject to regulatory and legal constraints and procedures, such as the authorisation scheme in Switzerland for any purchases of buildings for residential use. No assurance can be given by the real estate SICAV, its Board of Directors, the Fund Manager or the Investment Manager as to the confirmation by the competent cantonal and/or federal authorities that the residential buildings considered for acquisition by the real estate SICAV are not subject to said authorisation scheme.

The information contained on this website is not addressed to persons subject to legislation prohibiting them from accessing the website due to their nationality, status or domicile. In particular, the SICAV has not filed, and does not plan to file, an application with the US Securities and Exchange Commission to offer or sell its shares to the public under the terms of the Securities Act of 1933. The SICAV is not registered, and does not plan to register, under the terms of the Investment Company Act of 1940, as amended. The information contained on this website may not be distributed, and the SICAV’s shares may not be offered, in the United States of America or in any US territories, holdings or regions subject to its jurisdiction.

By clicking on the “I agree” button below, you acknowledge having read and understood this page, you agree to comply with its content and you confirm that you are accessing this website in accordance with the laws and regulations of the jurisdiction or country in which you live.