Scottish Widows Investment Partnership (Swip) plans to offer its property trust via a single share I...
Scottish Widows Investment Partnership (Swip) plans to offer its property trust via a single share Isa, due to its status as a Guernsey-registered closed-ended company. Under current Inland Revenue rules, commercial property is not an asset class that can be made available through an Isa if the trust investing in it is London-based. The UK Balanced Property Trust Ltd will offer a gross dividend yield of 7% a year, to be paid quarterly. It will be managed by Tom Laidlaw, head of property investment at Swip, and will invest in a geographically diverse portfolio of 60-75 UK properties. ...
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