This is the last in a series of four articles, in which the authors compare specific aspects of the real estate investment trust (REIT) regimes in the United States, the United Kingdom and Germany. Previous articles dealt separately with the REIT regimes in each of these countries. The United...

In 1989 the Government announced plans to issue a consultative document on capital gains taxation, though the Prime Minister suggested that if administration and compliance costs outweighed the benefits of a capital gain tax, it may not be enacted