Recent years have seen the emergence of new property investment vehicles such as REITs. How do property funds compare with other tax efficient vehicles?
Unauthorised unit trusts and offshore funds have been the closest offering to a truly tax effective property investment vehicle. However, since the establishment of the Real Estate Investment Trusts (REIT) regime in 2006 the Government has responded to calls to establish a versatile tax competitive collective investment vehicle in the UK. In June 2008 the Property Authorised Investment Fund rules came into force creating a single tax efficient onshore vehicle suitable for all types of investor.
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