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Charles Beer, Tax Partner in KPMG's Real Estate Advisory Services, outlines how the Pre-Budget Report will affect the property industry

 
Charles Beer Tax Partner in KPMG's Real Estate Advisory Services outlines how the Pre-Budget Report will affect the property industry
 
The Pre-Budget Report brought two pieces of good news for the property industry. In the first place and most importantly the Chancellor announced that he will publish a Consultation Document in next year's Budget on the introduction of tax-efficient property investment vehicles. The second significant development is the publication of draft legislation on property derivatives.
REITs
 
The property industry has been lobbying for vehicles similar to Real Estate Investment Trusts (REITs) in the US for...

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