Land Securities reckons on £315 mln conversion charge

By A staff reporter 2007-02-20T00:00:00

Land Securities has estimated that it will have to pay a £315 mln (EUR 467 mln) conversion charge to the inland revenue in the UK next July following the company's decision last January to become a real estate investment trust (REIT). The charge represents 2% of the value of its ...

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