PropertyEU

UK Treasury to earn £1bn REIT 'windfall'

By A staff reporter 2007-02-26T00:00:00

The British Treasury is to earn a £1 bn-plus 'windfall' in 2007 from the conversion charge that property companies must pay when they opt for tax-efficient real estate investment trust (REIT) status, according to a report in a British newspaper.

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