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Changes pave way for U.K.’s first residential REIT

Posted on 16 November 2011

London & Stamford Property PLC, widely regarded as a bellwether for the U.K. property market, is planning to set up the country’s first residential real-estate investment trust amid hopes of further regulatory relaxation by the government.

This comes after the government has already lowered taxes and stamp duty, which is a tax on buying property, to make it easier to establish REITs. The U.K. Treasury is expected to give guidance on Dec. 6 on further relaxations to the regime……………………………………..Full Article: Source


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