Brexit & EconomyPoliticsREITS on the agenda, Brown says

REITS on the agenda, Brown says

Chancellor comfirms plans to introduce property owning investment vehicles, allaying fears that the plans had been dropped

Chancellor Gordon Brown has indicated that he plans to revive the idea of
introducing Real Estate Investment Trusts, in the first indication of what may
be in the pre-Budget report.

It was assumed that the Treasury had gone cold on REITS, amid fears of the
potential tax losses from foreign investors in UK property.

In an interview at the weekend, however, Brown indicated that REITS would
feature in his autumn statement.

Brown also suggested there would be an extension of tax breaks for company
share schemes.

In the interview Brown further hinted that there would be further initiatives
to increase savings, though did not give any detail. Brown’s policies, including
the controversial removal of the dividend tax credit for pensions, have been
widely criticised for the effect they have had on the savings industry.

Related Articles

Financial Secretary to the Treasury on cryptocurrency, Brexit and taxing the digital economy

Brexit Financial Secretary to the Treasury on cryptocurrency, Brexit and taxing the digital economy

1m Alia Shoaib, Reporter
HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

Big Four HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

1m Alia Shoaib, Reporter
Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

Budget Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

2m Emma Smith, Managing Editor
Spring Statement live feed

Budget Spring Statement live feed

2m Emma Smith, Managing Editor
Spring Statement 2018: 5 things to look out for

Brexit & Economy Spring Statement 2018: 5 things to look out for

3m Alia Shoaib, Reporter
Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

Politics Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

4m Emma Smith, Managing Editor
David Davis, Secretary of State for Exiting the European Union

Brexit & Economy David Davis, Secretary of State for Exiting the European Union

4m Alia Shoaib, Reporter
Philip Hammond, Chancellor of the Exchequer

Brexit & Economy Philip Hammond, Chancellor of the Exchequer

4m Alia Shoaib, Reporter