In this first issue of our real estate newsletter you will find information on the results and experience gained during the reviews following the tax amnesty with respect to fictitious employment an amended corporate tax regulations effective as of 1 January 2007 that potentially affect the real estate sector. We again wish to draw our clients’ attention to the possibility of selfrevision by 31 December 2006 exempt from the self-revision fee, the cultural duty, and certain relevant provisions of the duty regulations.