KPMG and Reita publish guide on the tax treatment of Reits

KPMG and Reita have joined forces to publish a guide covering the tax treatment of Reits, which are ...

KPMG and Reita have joined forces to publish a guide covering the tax treatment of Reits, which are due to be introduced into the UK in January 2007. Aimed at professional advisers and private investors, the guide compares the tax treatment of Reits with other investment products, and highlights how the cash receipts from an investment vary according to the type of shareholder and the investment vehicle used. For example, Charles Beer, head of real estate tax practice at KPMG, said an investor holding a Reit via an Isa qualifies for net cash receipts of 100% of the underlying profit befor...