The prospect of exchange-traded property derivatives may
have moved a step closer following a change in UK tax rules,
according to Deloitte property tax specialist Phil
Nicklin told FO Week the new rules, which allow for
tax relief on losses, addressed problems in the old system that
discouraged the use of property derivatives.
"No-one in their right mind, except someone who was maybe
exempt or had a whole load of capital losses? would enter into
a derivative because they'd get taxed on all their gains and no
relief for their losses."
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