UK REITs – a ‘New Dawn’ in 2012
12 Jul 2012
Background
In the UK, Real Estate Investment Trusts (REITs) have been around since 1 January 2007.
REITs are listed property companies which enjoy significant tax advantages over ordinary companies.
REITs are not subject to corporation tax on income or gains from their qualifying property rental business provided they meet certain conditions. One of the principal conditions is an obligation to distribute 90% of their net income profits from such business. They are currently regulated as listed companies (but this is about to be relaxed) and as such provide an ideal way for institutions, retail investors, ISAs and PEPs to invest in property in a tax efficient manner.
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