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    Brixton aiming for REIT status

    Brixton aiming for REIT status

    Property group Brixton heading for REIT status

    Author Writer Date published March 28, 2006 Categories

    Brixton could be among the first property groups to convert into a real
    estate investment trust (REIT).

    Announcing its year end prelims, the group said it had welcomed the REIT
    proposals put forward in last week’s Budget, and would ‘look forward’ to
    reviewing the details included in the upcoming finance bill.

    A REIT is a quoted property vehicle that pays out 90% of its income to
    shareholders in return for not paying any corporation tax.

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