Charles Beer Head of Real Estate Tax at KPMG outlines the Budget proposals in property and welcomes the introduction of REITs
The property industry is celebrating the arrival of real estate investment trusts (REITs). This was the key piece of news in last week's Budget. The only other item of note was the abolition of seeding relief for unit trusts a widely trailed piece of anti-avoidance legislation. I will consider these areas in turn.
REITs
It looks as though REITs will really be with us at last from 2007. The Government announced details of the entry charge for existing companies which wish to convert as well as a raft of further changes...
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Charles Beer Head of Real Estate Tax at KPMG outlines the Budget proposals in property and welcomes the introduction of REITs
The property industry is celebrating the arrival of real estate investment trusts (REITs). This was the key piece of news in last week's Budget. The only other item of note was the abolition of seeding relief for unit trusts a widely trailed piece of anti-avoidance legislation. I will consider these areas in turn.
REITs
It looks as though REITs will really be with us at last from 2007. The Government announced details of the entry charge for existing companies which wish to convert as well as a raft of further changes...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")