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ARTICLE · 01 APRIL 2007

Offshore Advantages For Real Estate Investment Trusts ("REITs")

Ogier
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The REIT structure provides an attractive model both for real estate investment companies and UK investors looking for tax efficient property investment structures. Offshore jurisdictions offer significant advantages to investment managers and investors in the establishment and ongoing administration of REITs.

JerseyWealth Management
Daniel Richards
Daniel Richards
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Executive Summary

  • The Channel Island Stock Exchange ("CISX") is a recognised stock exchange for H.M. Revenue & Customs purposes and as such a REIT listed on CISX meets the requirement for stock exchange listing.
  • Listing equity securities on CISX is significantly more cost effective and time efficient than other eligible exchanges.
  • REITs can avoid the need to have three year audited accounts by listing on CISX under the CISX investment funds listing rules.
  • REITs structured as Jersey or Guernsey companies may utilise an expedited regulatory approach in relation to listed investment funds with approvals granted within three working days if eligibility criteria are met.
  • Jersey and Guernsey tax law permits Jersey and Guernsey companies to be solely UK resident, when UK managed and controlled as required for REIT eligibility.

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