Rob Williams (FTI Consulting) considers the latest refinements to the REIT regime and the further changes that may be on the horizon.
Where are we now?
Since its introduction in 2007 one of the strengths and attractions of the UK real estate investment trust (REIT) regime has been its stability. Prior to 2022 the only substantive changes to the regime since its inception had been the major reforms enacted in FA 2012 and the extension of the REIT exemption from UK corporation tax to include gains arising from disposals of ‘UK property rich’ vehicles (CTA 2010 s 535A) in FA 2019 which was introduced as a corollary to the wider changes to the taxation of gains arising from UK property in April 2019.
At Budget 2020 the government announced that it would carry out a review of the UK funds regime. Consultation with stakeholders was launched...
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Rob Williams (FTI Consulting) considers the latest refinements to the REIT regime and the further changes that may be on the horizon.
Where are we now?
Since its introduction in 2007 one of the strengths and attractions of the UK real estate investment trust (REIT) regime has been its stability. Prior to 2022 the only substantive changes to the regime since its inception had been the major reforms enacted in FA 2012 and the extension of the REIT exemption from UK corporation tax to include gains arising from disposals of ‘UK property rich’ vehicles (CTA 2010 s 535A) in FA 2019 which was introduced as a corollary to the wider changes to the taxation of gains arising from UK property in April 2019.
At Budget 2020 the government announced that it would carry out a review of the UK funds regime. Consultation with stakeholders was launched...
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:
