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Tuesday, November 18, 2014

First REIT for BTL?

The first REIT (Real Estate Investment Trust) for BTL property is to be launched by Mill Residential.   

Their intention is for it to become the first UK REIT specialising in mainstream residential property investment to trade on a UK stock exchange. As a REIT, investors will not pay tax on rental profits or capital gains. 

REIT shares could also be held in an ISA or self-invested pension (SiPP).

There is a minimum investment of £1,000 made through online crowdfunding platform SyndicateRoom. 90% of the rental profits will be paid out to investors as dividends.

David Toplas, chief executive of Mill Group Residential, said:

“Mill Residential REIT will add further value to its portfolio through development and refurbishment, and offer its shareholders a tax efficient, affordable and, when listed, more liquid alternative to owning a self-managed, buy-to-let property."

A hassle free alternative to property investment sounds attractive, but you need to trust that they'll be making prudent and considered management decisions along the way.

For more information on the Mill Residential REIT.

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