000 01198cam a2200253 4500
001 ABS67943
008 040617n2004 000 0 eng u
035 _a(Sirsi) u126492
100 _aSimpkins, E.
245 _aDerivative trading to be less taxing
260 _c2004
490 _aRICS Business
_vMay 2004, 11(1)
520 _aDraws attention to a largely unnoticed change in the tax rules, which will soon allow losses made speculating on movements in the various Investment Property Databank indices of property returns to be offset against tax in the same way as real estate speculation losses. Predicts that this change will allow the development of a huge market in property derivatives, which could outstrip the value of transactions in direct property within a few years. Suggests that investment professionals should welcome this development as it improves the attractiveness of property as an asset class.
590 _aABS
590 _aABS
650 _aASSET CLASSES
650 _aOFFSET
650 _aPROPERTY DERIVATIVES
650 _aTAXATION
650 _aINVESTMENT PROPERTY DATABANK
650 _aPROPERTY INVESTMENT
690 _aINVESTMENT
942 _n0
999 _c117528
_d117528