In the wake of the government’s climbdown on Real Estate Investment Trusts,
the city is predicting that there will be a mad rush by property companies to
take on the new tax-efficient status.
Earlier this week property companies added £2.4bn in market value following a
10% rise in their share prices after the chancellor made major concessions on
the structure of REITS.
REITS pay no corporation tax if they distribute at least 90% of their
earnings to shareholders.
The REIT regime takes effect next January.
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