Real Estate Investment Trusts in the United Kingdom

Bulletin for International Taxation, pp. 259-270, May 2010

Victoria University of Wellington Legal Research Paper No. 12/2013

13 Pages Posted: 26 Jul 2010 Last revised: 8 Apr 2015

See all articles by Nicola Fritsch

Nicola Fritsch

Rechtsanwältin

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Rebecca Prebble

Government of New Zealand - Treasury

Date Written: May 1, 2010

Abstract

This second in a series of four articles deals with the Real Estate Investment Trust (REIT) regime in the United Kingdom. A previous article considered the US REIT regime – two subsequent ones examine REITs in Germany and compare the three regimes. This article explores the implementation and use of the REIT regime in the United Kingdom. National REIT regimes provide incentives for indirect investment in real estate by giving certain entities preferential tax treatment. Britain was a comparative latecomer to REITs. This article assesses the UK experience since 2007. The UK REIT regime was received with enthusiasm initially, but it has been less successful than had been hoped. It is thought that the credit crisis of 2008-2009 can take most of the blame for the REIT regime’s lack of success. Structural flaws are also considered.

Keywords: Property Investment, Tax Advantages, Real Estate Investment Trust Regimes, United Kingdom, REITs, Tax Prefereces

JEL Classification: K34, K33

Suggested Citation

Fritsch, Nicola and Prebble KC, John and Prebble, Rebecca, Real Estate Investment Trusts in the United Kingdom (May 1, 2010). Bulletin for International Taxation, pp. 259-270, May 2010, Victoria University of Wellington Legal Research Paper No. 12/2013, Available at SSRN: https://ssrn.com/abstract=1640894

Nicola Fritsch

Rechtsanwältin ( email )

Germany

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

Rebecca Prebble

Government of New Zealand - Treasury ( email )

1 The Terrace
P.O. Box 3724
Wellington, 6011
New Zealand

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
465
Abstract Views
2,503
Rank
114,315
PlumX Metrics