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Custodian Property Income REIT offloads assets at 9.5% premium ahead of abrdn merger

Custodian Property Income REIT (CREI) has sold off one of its major portfolio units at a 9.5% premium, generating £8m for the trust. ....

United Kingdom , Richard Shepherd , Association Of Investment Companies , Custodian Capital , Property Income , Investment Companies , Richard Shepherd Cross , Custodian Capital Limited , Custodian Property Income Reit , Real Estate , K Commercial Real Estate , Abrdn Property Income ,

UK Option to Tax Changes May Affect Insolvency Sales

Where commercial property is sold by receiver or insolvency practitioner, VAT must be charged on sale if owner had exercised and properly notified option to tax in respect of the property. The IP needs to establish whether OTT has been made and notified. ....

United Kingdom , K Real Estate Law , K Commercial Real Estate , Roperty Taxes Uk , K Value Added Taxes , K Invsolvency , K Invsolvency Practitioner ,