CHANGES TO THE TAX TREATMENT OF REAL ESTATE INVESTMENT TRUSTS

Monday, December 02, 2013
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The concept of a Real Estate Investment Trust (REIT) was introduced into the Income Tax Act, 1962 (the Act) by the Taxation Laws Amendment Act, 2012 in respect of years of assessment commencing on or after 1 April 2013. Prior to the amendment, Property Unit Trusts and Property Loan Stock Companies operated in parallel as immovable property investment vehicles in South Africa under inconsistent tax and regulatory regimes.

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