PropertyEU

Land Securities, Slough confirm REIT conversion

By A staff reporter 2006-12-15T00:00:00

Britain's Land Securities and Slough Estates have confirmed that they are to begin the process of converting to real estate investment trusts (REITs) on 1 January 2007. Under the REIT system, real estate companies will pay far less tax on condition that most of the profit is paid out to ...

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