By Frances Ivens2018-11-01T05:35:00
The government has proposed giving REITs an exemption to capital gains tax (CGT) when they make disposals of UK properties held in company structures.
In a document published alongside the Budget this week, the government said REITs would no longer be taxed on gains from the sale of so-called “property-rich entities”. REITs are already exempt from capital gains tax when they dispose of UK properties directly.
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