REIT Real Estate Investment Trusts - your comprehensive UK guide

When will I be able to invest in REITs

REITS are live now. They became authorised from 1st January 2007.

Some background:

The new legislation forming the Real Estate Investment Trusts will form part of the 2006 Finance Bill and property companies planning to convert may do so after January 1 2007. The Spring 2006 budget has established the charge that property companies will have to pay to convert to REITs. It is based on 2% of their asset value and has avoided the concern over punitive capital gains tax charges. The main concern of the property industry remains though which is the limitation that no more than 10% of any REIT should be owned by a single shareholder. This may prevent some companies from converting to REIT status.