The informal REITs consultation ended on 10 June 2011. It looked at a number of specific measures dealing with the regulatory burden and the barriers to both entry and investment under the current REIT regime.
It has now been announced that the results of that exercise will be taken into account in the drafting of the Finance Bill 2012. The draft Finance Bill will be published on or by 6 December 2011 and will be open for comment until 10 February 2012.
HM Treasury has this week emailed stakeholders giving a broad overview of the results of the consultation. All the measures consulted on are to be introduced and in particular it is confirmed that the entry charge is to be abolished. As ever the devil will be in the detail once the Finance Bill is released.