New Reits expected after tax changes
More real estate investment trusts could be welcomed by smaller investors as an opportunity to invest in diverse portfolios while limiting personal risk
Recent changes to the tax treatment of property investors have led to expectations of more real estate investment trusts (Reits) being launched as alternative tax-efficient vehicles rather than the Irish Collective Asset-management Vehicles, or Icavs.
These were the investment vehicle of choice prior to the new tax rules introduced in the recent Finance Act. The act introduced a provision which would allow these funds to transfer into a Reit, in which case the fund must...
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