News articles written by Nancy De Beule

Negative ruling highlights pitfalls of pre-deal carve-outs through partial demergers

29 January 2019

In a recent decision, the Belgian ruling office rejected a pre-deal carve-out of real estate through a tax neutral partial demerger followed by a tax exempt transfer of shares of the operating company. Though the ruling does not particularly divulge novel views, it has the merit of highlighting common pitfalls related to these type of