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Series: Estates Gazette ; (0110) 10 March 2001, 153(1)Publication details: 2001Subject(s): Summary: The March 2001 Budget did not bring tax transparency to exempt bodies (eg pension funds) that are members of property investment limited liability partnerships (PILLPs). Instead, it has provided that such bodies will be taxed on the share of the income and gains they receive as a member of a PILLP. Discusses the current situation, and recommends the industry address the Revenue's concernes about UK REITs. Notes that government policy is compelling industry players to look for credible legal structures outside the UK.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63720 (Browse shelf(Opens below)) | 1 | Available | 111463-1001 |
The March 2001 Budget did not bring tax transparency to exempt bodies (eg pension funds) that are members of property investment limited liability partnerships (PILLPs). Instead, it has provided that such bodies will be taxed on the share of the income and gains they receive as a member of a PILLP. Discusses the current situation, and recommends the industry address the Revenue's concernes about UK REITs. Notes that government policy is compelling industry players to look for credible legal structures outside the UK.