United Kingdom Real estate investment trust

the legislation laying out rules reits in united kingdom enacted in finance act 2006 (now see corporation tax act 2010 sections 518 609) , came effect in january 2007 when 9 uk property companies converted reit status, including 5 ftse 100 members @ time: british land, hammerson, land securities, liberty international , slough estates (now known segro ). other 4 companies brixton (now known segro ), great portland estates, primary health properties , workspace group.

british reits have distribute 90% of income investors. must close-ended investment trust , uk resident , publicly listed on stock exchange recognised financial services authority. epra in brussels each year publishes breakdown of uk reit structure requirements.

to support introduction of reits in uk, reits , quoted property group created several commercial property , financial services companies. other key bodies involved london stock exchange british property federation , reita. reita campaign launched on 16 august 2006 reits , quoted property group, in order provide source of information on reits, quoted property , related investments funds. reita s aim raise awareness , understanding of reits , investment in quoted property companies. through portal www.reita.org, providing knowledge, education , tools financial advisers , investors.

doug naismith, managing director of european personal investments fidelity international, said: existing markets expand , reit-like structures introduced in more countries, expect see overall market grow ten percent per annum on next 5 years, taking market $1 trillion 2010.

the finance act 2012 brought 5 main changes reit regime in uk, being

boyd carson of sapphire capital partners llp commented important of these advantages ability reits listed on aim , abolition of 2% entry charge regime significant step forward.