Industry leaders are predicting that property companies wanting to become
real estate investment trusts (REITS) will have to pay a conversion charge based
on how much capital gains tax they owe.
Details of the conversion charge, which could be a key issue in decided
whether or not companies take on the new tax-efficient legal status, will be
announced in next week’s Budget, the FT reported.
REITS are due to be available in the UK from January 2007.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states