Pifs need government to be flexible on tax says Aitc

The Aitc, responding to the government’s consultation exercise on the subject of Reits, says unless the government takes a flexible approach to tax, UK Reits, or Property Investment Funds (Pifs) as they will be known in the UK, will have little chance of being successfully launched within the government's desired timeframe, thought to be the beginning of 2007. The Association says Pifs could fill a significant gap in the market for both institutional and private investors, adding they could be excellent for retired investors who do not wish to enter the buy-to-let market, or undertake oth...