If considered meaningful, a TGER tax may be also calculated and disclosed by the investment manager to reflect the cost associated with tax structures and taxable income.
The formulae are presented below:
Vehicle taxes included in the TGER comprise:
- Corporation tax;
- Income tax;
- Non-resident landlord tax;
- Other taxes based on gross profit;
- Net wealth tax;
- Deferred tax;
- VAT or other sales tax (only recoverable portion);
- Withholding tax;
- Capital gain taxes;
- (Transfer) taxes on real estate transactions.