000			01246cab a2200193 4500
001			##ABS68041
008			040726n2004 000 0 eng u
035			_a(Sirsi) u126926
041	0		_aeng
100	1		_aKelly, J.
245	0	0	_aPIFs _btesting the water
260			_c2004
490		0	_aSolicitors' Journal _v148(27) 9 July 2004 815-817(2)
520			_aLooks at the proposals for Property Investment Funds (PIFs) and deals with many common questions on the topic. The consultation paper on the introduction of PIFs (ISBN 1845320018) was issued on budget day, 17 March 2004. PIFs are not just for residential property as they will be encouraged to invest in commercial property as well. The aim is to make investing in a property company similar to investing in a property, the PIF would pay no tax but the investors in a PIF would pay tax at a rate applicable to them. Investors would not have to suffer double taxation as happens at present. There is some concern that the eventual structure of PIFs could be so conservatively designed that the whole idea never gets properly underway.
590			_aABS
651			_aUnited Kingdom _y
690			_aPROPERTY-PROPERTY FINANCE AND INVESTMENT-REAL ESTATE INVESTMENT TRUSTS
942			_n0
999			_c74483 _d74483