Charles Beer Tax Partner in KPMG's Real Estate Advisory Services outlines how the Pre-Budget Report will affect the property industry
The Pre-Budget Report brought two pieces of good news for the property industry. In the first place and most importantly the Chancellor announced that he will publish a Consultation Document in next year's Budget on the introduction of tax-efficient property investment vehicles. The second significant development is the publication of draft legislation on property derivatives.
REITs
The property industry has been lobbying for vehicles similar to Real Estate Investment Trusts (REITs) in the US for some years now. The REIT market has been very successful there. REITs are exempt from tax on income and gains...
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Charles Beer Tax Partner in KPMG's Real Estate Advisory Services outlines how the Pre-Budget Report will affect the property industry
The Pre-Budget Report brought two pieces of good news for the property industry. In the first place and most importantly the Chancellor announced that he will publish a Consultation Document in next year's Budget on the introduction of tax-efficient property investment vehicles. The second significant development is the publication of draft legislation on property derivatives.
REITs
The property industry has been lobbying for vehicles similar to Real Estate Investment Trusts (REITs) in the US for some years now. The REIT market has been very successful there. REITs are exempt from tax on income and gains...
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:
