UK Government feeling its way into Reits

property

Investors in countries including the US, Australia, France and Japan already enjoy the advantages of investing in Reits, and it is likely that from 2006 UK investors will also be able to reap their benefits

In March 2005, the Government published UK Real Estate Investment Trusts (Reits): A Discussion Paper, to consult on how the structure of a new Property Investment fund might be developed for the UK. The Government is hoping it can include the UK Real Estate Investment Trusts in the Finance Bill 2006. A Reit is basically a company set up with the sole purpose of owning and managing investment properties. Reits have a similar structure to investment trusts, so they operate as stock exchange quoted companies that directly own property, providing an easier and lower cost way for people to in...