30As is clear from the Nomenclature of capital movements set out in Annex I to Council Directive 88/361, capital movements include investments in real estate on the territory of a Member State by non-residents; that Nomenclature still has the same indicative value for the purposes of defining the notion of capital movements (judgment of 6 March 2018, SEGRO and Horváth, C‑52/16 and C‑113/16, EU:C:2018:157, paragraph 56 and the case-law cited).
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.