Finance

Helical to convert to REIT

By 2022-01-12T07:37:00

Gerald Kaye

Helical is set to convert to a REIT in order to avoid the April 2023 corporation tax rise from 19% to 25%.

Following conversion, Helical will be exempt from UK corporation tax on the profits of its property activities that fall within the REIT regime in the year ending 31 March 2023 and beyond.

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