Inovalis Real Estate Investment Trust Provides Update on Arcueil Withholding Tax Matter and Appeal

2026-03-06 - 22:43

TORONTO -- Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that the Paris Administrative Court has issued a ruling regarding withholding tax reassessments related to the Arcueil property for the 2017 to 2019 taxation years, during which the REIT held a 25% interest in the property through a joint venture. The Court has confirmed a tax liability of approximately €5.888 million ($9.294 million) , including principal, penalties, and interest. A formal payment notice has been issued by the French tax authority. The REIT expects additional late‐payment interest to accrue until settlement. The REIT has obtained approval for a 12‐month instalment plan from the tax authority. The REIT anticipates providing funding to its subsidiary to facilitate compliance with the payment schedule. This judgment may require the REIT to apply proceeds from planned asset sales or other financing measures to meet related obligations. Read More