Flexible friends

The ever-widening range of types of property investment leaves investors spoiled for choice. Here, some of these types are outlined to show how to maximise flexibililty and achieve the best from the current options available

When the Treasury announced tax benefits for Property Authorised Investment Funds (PAIFs), essentially to make them the open-ended equivalent of UK Reits, it was warmly welcomed by the property and investment community as a further method to open up property to retail investors. However, many saw this proposed new tax-efficient vehicle as a challenger to Reits, which had only come into being some nine months earlier. There are a plethora of terms associated with different property investment vehicles currently available. Terms like Unauthorised Property Unit Trusts/Authorised Property Unit...