Real estate investment trusts are the biggest phenomenon to hit the UK property industry in years. Many of the sector’s biggest companies transformed to Reit status on or shortly after January 1 this year, when the necessary legislation came into force. At a stroke, assets worth tens of billions of pounds took on a much more tax-efficient structure.
But the British public were too busy celebrating the New Year to notice, and even independent financial advisers are not as knowledgeable about Reits as you might expect.
