Tax incentive for property investment.
Series: Financial Times ; 22 June 1999, 12(1)Publication details: 1999Subject(s): Summary: The Treasury is considering the introduction of US-style real estate investment trusts (REITs) in order to channel funds into property, particularly the private housing market and regeneration projects. REITs are exempt from corporation tax provided they pass along 95% of after-tax income to shareholders. REIT legislation is credited with beginning the transformation of the US real estate market to public ownership from private investment.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3524-34 (Browse shelf(Opens below)) | 1 | Available | 101983-1001 |
The Treasury is considering the introduction of US-style real estate investment trusts (REITs) in order to channel funds into property, particularly the private housing market and regeneration projects. REITs are exempt from corporation tax provided they pass along 95% of after-tax income to shareholders. REIT legislation is credited with beginning the transformation of the US real estate market to public ownership from private investment.