Camilla Spielman comments on where we are now with Property Authorised Investment Funds
The people working on the draft property authorised investment funds (‘PAIFs’) legislation in the winter of 2007/08 expected there to be a time-lag between the legislation coming into effect in April 2008 and the first PAIF to go live but certainly did not expect it to be over two years. Obviously the state of the property market has been a drag on product development but even so the delay has been disappointing given the tax advantages PAIFs offer.
This articles describes what PAIFs are and the tax advantages they offer over other commonly used open-ended UK property funds. It then summarises...
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Camilla Spielman comments on where we are now with Property Authorised Investment Funds
The people working on the draft property authorised investment funds (‘PAIFs’) legislation in the winter of 2007/08 expected there to be a time-lag between the legislation coming into effect in April 2008 and the first PAIF to go live but certainly did not expect it to be over two years. Obviously the state of the property market has been a drag on product development but even so the delay has been disappointing given the tax advantages PAIFs offer.
This articles describes what PAIFs are and the tax advantages they offer over other commonly used open-ended UK property funds. It then summarises...
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:
