Abstract
UK REITs finally got their lift off 1 January 2007 after 30 years discussion and the Housing Investment Trusts (HITs) debacle. The main hurdle was HM Treasury and its concern about tax leakage to its coffers, not the investors. Nine UK listed property companies became REITs at 1 Jan 2007 with a market capitalisation of £36.9bn. Capital gains tax savings were in the region of £4.7bn.
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AREF, EPRA, Estates Gazette, Financial Times, INREV, IPD, LSE, Property Week, The Times, The Telegraph, Observer, Company Accounts, RLAM, Schroder, M&G, IPF, BPF, RICS.
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© 2013 Springer-Verlag Berlin Heidelberg
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Sieracki, K. (2013). UK REITs - Are they delivering what was expected?. In: Sotelo, R., McGreal, S. (eds) Real Estate Investment Trusts in Europe. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-36856-1_9
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DOI: https://doi.org/10.1007/978-3-642-36856-1_9
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