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- Re: this is the paragraph from the slimes own report
KEY FACTS ABOUT REITS
REITs must pay out 90% of their property income to shareholders every year.
Dividends from REITs are treated as property income to the investor, and are taxed accordingly. These dividends are subject to a withholding tax at basic rate income tax, except for certain classes of investors who can register to receive gross rather than net payments. These include charities, UK companies, and pension funds.
REIT shares can be held in ISAs and Child Trust Funds (CTFs), and the managers of these can receive gross distributions, making these highly tax efficient.
REITs must be primarily engaged in property investment, rather than in development or other non-property related activities.
As REITs are all listed property companies, investments in them are generally very liquid.
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