Global Daily Tax News, Countries Back AEOI On Real Estate Income, (Dec 5, 2025)

Numerous countries have thrown their support behind proposals for the international exchange of real estate-related information for tax purposes.

The proposal is intended to build on the automatic exchange of information among countries under the Common Reporting Standard, which has recently been expanded to cover crypto-assets and digital platform transactions.

Under the proposal, information would be exchanged on an "as is" basis on immovable property holdings, acquisitions, disposals, and recurrent income.

The initiative has been welcomed by Belgium, Brazil, Chile, Costa Rica, Finland, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Korea, Lithuania, Malta, New Zealand, Norway, Peru, Portugal, Romania, Slovenia, South Africa, Spain, Sweden, and the United Kingdom.

The territories have issued a joint statement voicing support for the new Multilateral Competent Authority Agreement on Automatic Exchange of Readily Available Information on Immovable Property (IPI MCAA), proposed by the OECD, stating:

"In recent years, tax policy developments have greatly enhanced cross-border exchanges of tax information and international cooperation between tax administrations, combating offshore tax non-compliance and tax secrecy on financial accounts. This includes delivering transparency through automatic exchange of financial assets (through the Common Reporting Standard) and crypto-assets (through the Crypto-Asset Reporting Framework)."

"Despite these significant advances in automatic exchange of information, there is not yet a mechanism for jurisdictions to exchange information on non-financial assets, especially immovable property."

"Recognizing that ownership and transactions involving immovable property often have cross-border elements, we acknowledge the need for improved mechanisms to ensure that tax authorities have access to relevant information on immovable property assets held and income derived therefrom abroad to enforce tax laws effectively."

They said: "The broad adoption of the IPI MCAA is an important step towards delivering tax transparency on non-financial assets. It will strengthen our ability to monitor and enforce tax compliance, and to combat tax evasion, which undermines public revenues and unfairly shifts the tax burden onto compliant taxpayers."

The territories have indicated they intend to sign up to the IPI MCAA by 2029 or 2030.