The UK real estate investment trust will pay an income net of 22% tax, even to offshore investors, so the existing Guernsey Reit, which pays at gross, has a big advantage
The booming global property investment market has made Real Estate Investment Trusts (Reits) one of the fastest expanding areas of stock markets since 2000, particularly in the US, but also in Japan and France where they were launched in 2001 and 2003 respectively. The UK Government has now committed to introducing UK Reits in the 2006 Finance Bill and they are the most hotly anticipated investment vehicle in the UK property sector. However, Guernsey Real Estate Investment Trusts (Greit) have always been available to UK investors and it is estimated more than £3bn is now held by liste...
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