A Comparison of Selected Features of Real Estate Investment Trust Regimes in the United States, the United Kingdom and Germany

Bulletin for International Taxation, pp. 320-329, July 2010

Victoria University of Wellington Legal Research Paper No. 14/2013

15 Pages Posted: 26 Jul 2010 Last revised: 8 Apr 2015

Nicola Fritsch

Rechtsanwältin

John Prebble QC

Victoria University of Wellington - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Rebecca Prebble

Government of New Zealand - Treasury

Date Written: June 1, 2010

Abstract

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 States has had a REIT regime since the 1960s and was, in many respects, a model for the UK and German regimes. However, both of the new regimes diverged from the US example in a number of ways. This article considers the differences in national circumstances that might have led to the three countries enacting different REIT models. The article also evaluates the advantages and disadvantages of certain features of each regime, and speculates about the future of REITs.

Keywords: Property Investment, Tax Advantages, Real Estate Investment Trust Regimes, REITs, Tax Preferences.

JEL Classification: K33, K34.

Suggested Citation

Fritsch, Nicola and Prebble QC, John and Prebble, Rebecca, A Comparison of Selected Features of Real Estate Investment Trust Regimes in the United States, the United Kingdom and Germany (June 1, 2010). Bulletin for International Taxation, pp. 320-329, July 2010; Victoria University of Wellington Legal Research Paper No. 14/2013. Available at SSRN: https://ssrn.com/abstract=1647484

Nicola Fritsch

Rechtsanwältin ( email )

Germany

John Prebble QC (Contact Author)

Victoria University of Wellington - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

Rebecca Prebble

Government of New Zealand - Treasury ( email )

1 The Terrace
P.O. Box 3724
Wellington, 6011
New Zealand

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