REITs taxation still to be resolved - Treasury

But investors are likely to find distributed earning will be taxed the same levels as most other investments. Details of the latest discussion paper issued by the Treasury on REITs suggests the proposed form of investment should be a closed-end fund because of the illiquid nature of property, but the fund will still be able to invest in any type of property providing it is not doing so for tax avoidance purposes. At this stage, the Treasury says while it recognises listing REITs on a public stock exchange would suit the transparency sought, a listing requirement could limit access as s...