Tax guidance
Below you'll find a collection of tax and information documents from a range of expert and
specialist sources.
Please note: The documents in this library have been provided by Reita members and other external
sources. Reita takes no responsibility for the accuracy or timeliness of the information. Investors
should not rely solely on this information and should seek financial advice. Please read our
important information.
Tax guidance
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KPMG tax guide - Tax treatment of REIT distributions - updated Apr 2008 (pdf, 316KB) Source: KPMG, Apr 2008 This invaluable KPMG tax guide for REIT shareholders - updated for the tax year 2008-09 explains and illustrates tax implications for different property investment vehicles and rules around REITs, It inlcudes links to downloadable forms for shareholders and intermediaries to claim exemption from withholding tax. |
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UK Property Authorised Investment Funds (PAIFs) Explained (pdf, 94.4KB) Source: Baker & McKenzie, Mar 2008 Aimed at Advisers this paper gives an overview of PAIFs - a new form of regulated tax-advantaged property investment company with variable capital - which were launched in April 2008. It states the conditions for PAIF tax status, looks at the tax implications and sees how they compare with UK REITs. |
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UK REITs guidance (pdf, HM Treasury, Dec 06) Follow the link to get the full guideline documents prepared by HMRC on the interpretation of the legislation relating to UK-REITs. |
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UK REITs - practicalities of conversion - part 2 (pdf, 2.36MB) Source: Deloitte & Touche LLP, Oct 2006 The second of a series of bulletins discussing practical points companies need to consider before converting to a REIT. Includes: what happens when a REIT it taken over by a non-REIT, how many tax returns a REIT company has to file, and more. |
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UK REITs - practicalities of conversion (pdf, 164KB) Source: Deloitte & Touche LLP, Aug 2006 The first of a series of bulletins discussing practical points companies need to consider before converting to a REIT. Includes: Joint ventures, date of entry into the regime, property income dividend and the consolidated accounts, major shareholdings and what will be covered in future bulletins. |
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Impact on the real estate industry: A response to the Government’s budget announcement (pdf, 169KB) Source: Deloitte & Touche LLP, 22 Mar 2006 A response paper from Deloitte to the Government’s budget announcement, including a summary of the main announcements, other amendments, the impact on non UK investors, REITs for retailers/hotel groups, and stamp duty and land tax. |
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Implications for real estate: A response to the Government's pre-budget report (pdf, 189KB) Source: Deloitte & Touche LLP, 5 December 2005 A response paper from Deloitte to the Government’s pre-budget report, summarising the key changes. |
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REITs - A warm welcome: A response to the Government's budget announcement (pdf, 70.8KB) Source: Deloitte & Touche LLP, 16 March 2005 A response paper from Deloitte to the Government’s budget announcement on its proposal on REITs. |
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How to become a UK REIT - qualifying criteria (pdf, 4.55MB) Source: London Stock Exchange A breakdown of the requirements for companies considering converting to a REIT. |
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UK Real Estate Investment Trusts: A discussion paper (pdf, 269KB) Source: Policy document, British Property Federation (BPF), Investment Property Forum (IPF), Royal Institute of Chartered Surveyors (RICS), May 2005 This is a response to the Treasury's Discussion Paper on UK Real Estate Investment Trusts published in March 2005. It reflects the views of a pan-industry group comprising the BPF, IPF and RICS and also incorporates the work carried out by a group of industry technical experts who have been considering the specific tax questions posed in the paper. |
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A Guide to Real Estate Investment Trusts and HM Treasury consultation exercise on Property Investment Funds (pdf, 171KB) Source: British Property Federation (BPF), Investment Property Forum (IPF), Royal Institute of Chartered Surveyors (RICS), 2004 A briefing note explaining what REITs are, how they work, and how they will benefit investors and occupiers as well as the UK economy as a whole. |
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