Reits decision draws near

property

the key issues to be addressed by government include level of exit tax and borrowing limits

The key moment for UK-based property funds will be in November, when the Government is due to announce whether it will allow the introduction of real estate investment trusts (Reits) into the UK. Alex Ross, manager of the Aberdeen Property Unit Trust, noted there has been concern over a number of issues since the introduction of Reits was originally mooted in response to their success in the US and Australia. He said: "Issues include the level of exit tax, restrictions on the kind of development eligible to enter the trusts, borrowing limits and, most importantly, whether the Government m...