ACCOUNTING CONSIDERATIONS WHEN INVESTING IN REAL ESTATE.

This report was provoked by the trend of increasing investments of enterprises in real estate in recent years. This trend outlines a need to systematize real estate investment approaches both from accounting and tax compliance point of view. The author's main goal is to present three approaches to investment in real estate: direct acquisition of the real estate asset, acquisition of specific asset through a Special Purpose Vehicle (SPV) or investment through a diversified Real Estate Investment Trust (REIT) listed on the stock exchange by presenting the advantages and disadvantages for the investor in choosing each of the approaches. [ABSTRACT FROM AUTHOR]