Rob Williams (FTI Consulting) reviews the dangers of not getting it REIT.
When shares in REITs trade at a discount to net asset value they become attractive to prospective buyers particularly private equity that can derive value by taking REITs private.
Tax due diligence is an integral part of any corporate transaction but acquisitions of UK REITs require consideration of REIT-specific matters in addition to the normal areas of tax review.
This article explores some of the particular issues that may be reviewed during tax due diligence work undertaken in conjunction with acquisitions of UK REITs – both publicly traded REITs and unlisted REITs that have proliferated following the relaxation of the REIT listed company condition from April 2022.
All statutory references are to CTA 2010.
Pre-conversion restructuring
As well as a review of ongoing compliance with the various REIT conditions sellers should expect...
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Rob Williams (FTI Consulting) reviews the dangers of not getting it REIT.
When shares in REITs trade at a discount to net asset value they become attractive to prospective buyers particularly private equity that can derive value by taking REITs private.
Tax due diligence is an integral part of any corporate transaction but acquisitions of UK REITs require consideration of REIT-specific matters in addition to the normal areas of tax review.
This article explores some of the particular issues that may be reviewed during tax due diligence work undertaken in conjunction with acquisitions of UK REITs – both publicly traded REITs and unlisted REITs that have proliferated following the relaxation of the REIT listed company condition from April 2022.
All statutory references are to CTA 2010.
Pre-conversion restructuring
As well as a review of ongoing compliance with the various REIT conditions sellers should expect...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
