Earlier this month, the Chancellor of the Exchequer announced a set of reforms to drive growth and competitiveness in the financial services sector. The announcement was made in Edinburgh so these have become known as the “Edinburgh reforms”.
One of these proposals concerned REITs:
“The Edinburgh Reforms ensure that the UK’s financial markets are among the most open and attractive in the world. They deliver this by overhauling the UK prospectus regime to make it more attractive for firms to list and raise capital here; reforming the rules governing Real Estate Investment Trusts, to reduce friction and allow savers to more easily access higher returns …”
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Property Investment, by Satwaki Chanda, is a major work for serious property investors and their professional advisers. The text leads the reader through the cycle of property ownership, from acquisition to eventual disposal. At each stage, the complex tax issues are clearly explained and fully illustrated.