Stephen Edge Slaughter & May discusses the implications for the City of the Budget announcement on REITs
Undoubtedly the major item of City interest in the Budget — and the stock market reaction said it all — was REITs. For the listed companies most likely to convert enthusiasm about the Chancellor's announcement of a bearable conversion charge was reflected in market increases that must have caused mixed emotions at the Treasury. Nevertheless the result is a good one for all those (on both sides of the fence) who have worked so hard over the past few years to seek to achieve a workable solution.
The background of course is that the Government was keen to modernise and broaden investment in property. While as individuals we...
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Stephen Edge Slaughter & May discusses the implications for the City of the Budget announcement on REITs
Undoubtedly the major item of City interest in the Budget — and the stock market reaction said it all — was REITs. For the listed companies most likely to convert enthusiasm about the Chancellor's announcement of a bearable conversion charge was reflected in market increases that must have caused mixed emotions at the Treasury. Nevertheless the result is a good one for all those (on both sides of the fence) who have worked so hard over the past few years to seek to achieve a workable solution.
The background of course is that the Government was keen to modernise and broaden investment in property. While as individuals we...
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:
