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In this month's edition of REF News & Views we
will be taking a look at the most recent proposed changes to the
United Kingdom real estate investment trust (REIT) rules that have
been published by the UK Government in the proposed UK Finance Bill
2023-2024. The propose changes have been proposed in response to
the concerns of investors and their advisors over the cost and
rigidity of converting to REIT status, and the competitiveness of
the UK's REIT regime. Without a doubt, the birth of REITs
internationally since the 1960s has had a massive impact on the
accessibility of private investors to the real estate market and
the constant evolution of REITs is critical to meet the demands of
the housing market, investors and financial institutions.
We will also be discussing where further developments are likely
this year in the ongoing attempts by the Government and the Real
Estate Market to reform REIT accessibility and flexibility so as to
encourage growth in the Real Estate Market as a whole.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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