PBR: Real Estate Investment Trusts (UK-REITS). By Nichola Ross Martin

The chancellor announced that the conditions to be met when giving notice and on joining the regime will be relaxed, to make it easier for newly-established companies to become Real Estate Investment Trusts (UK-REITs). Other changes will be made to respond to problems that have been identified as companies and HMRC have been working towards implementing the regime.

The company (principal company of a group) will no longer need to have its shares listed on a recognised stock exchange on the date they give notice.

Continued...