On the REIT track
Gilberto, Michael
On the REIT track - 2005 - RICS Business October 2005, 24-25 .
Suggests that the US experience of REITs shows that by providing a tax efficient investment vehicle the need for complex workings to minimise the corporate tax liability are eliminated but that attempting to levy any tax when a REIT is first set up would prevent their take up. Similarly governments need to consider whether other parts of the existing tax regime encourage or discourage the adoption of REITs. Includes a review of RICS' and others' concerns about the implementation of REITs in the UK.
On the REIT track - 2005 - RICS Business October 2005, 24-25 .
Suggests that the US experience of REITs shows that by providing a tax efficient investment vehicle the need for complex workings to minimise the corporate tax liability are eliminated but that attempting to levy any tax when a REIT is first set up would prevent their take up. Similarly governments need to consider whether other parts of the existing tax regime encourage or discourage the adoption of REITs. Includes a review of RICS' and others' concerns about the implementation of REITs in the UK.