REAL ESTATE INVESTMENT FUNDS
In addition to the typical tax consultancy services rendered to individual taxpayers and businesses/enterprises, Hansa-Atlantic focuses on providing tax services to national and international real estate investment entities.
Hansa-Atlantic mainly renders services to closed property funds in the US and Germany. This includes the set up of funds and limited partnerships, tax administration services, sales & marketing services, financial budgeting, and tax planning based on international and German tax law.
Fund Structuring
We provide tax consultancy services to national and international real estate investment entities:
Tax structuring services
- Advice on the the set up of closed property funds with different legal structures, e. g. US limited partnership or German GmbH & Co. KG structure
- Financial planning
- Optimization of the final structure with other German and US tax consultants
- Implementation of the financial planning in placement memoranda
Expert reports
- Furnishing of tax expert opinions based on German tax law
- Examination of all relevant contracts from a tax point of view
- Final review of placement memoranda under tax aspects
Financial planning for investment companies
- Financial budgets
- Investment planning
- Siting / choice of location
- Profitability calculation
Real estate fund management
Our fund management services include:
Administrative services
- Financial controlling for the partnership
- Handling of contracts for the disposal and transfer (gifts and estates) of partnership units
- Establishing and maintaining of a database for master data of the partnership and its limited partners
- Organizing the filing of individual US income tax returns (1040NR) including all US income sources
- Organizing the filing of individual state tax returns
- Handling of correspondence with limited partners and US Certified Public Accountants
- Obtaining individual tax identification (ITIN) and employer identification numbers (EIN). As a Certifying Acceptance Agent we have established a close communication with the IRS.
Annual filing of German returns of partnership Income
- Determination of fund income on the basis of German tax law
- Capital account roll forward for the limited partners
- Preparation of German returns of partnership income
- Review of tax assessments from the German tax authorities
- Initiation of legal action on behalf of our clients if necessary
- Preparation of necessary announcements according to sec 138 General Tax Code
