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REITs: consultation

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HM Treasury has launched an informal consultation on proposed measures to support the growth of the Real Estate Investment Trust (REIT) market, with a view to legislating in Finance Bill 2012. Comments are invited by by 10 June.

Budget 2011 announced that the government will ‘support good business practices and remove barriers to entry, and investment in, the REITs regime, including removing the REITs 2% conversion charge’. The proposals followed earlier consultation on investment in the private rented sector.