Capital & Counties Properties Plc Conversion to a UK Real Estate Investment Trust (2313W)
09 Dicembre 2019 - 1:30PM
UK Regulatory
TIDMCAPC
RNS Number : 2313W
Capital & Counties Properties Plc
09 December 2019
9 December 2019
CAPITAL & COUNTIES PROPERTIES PLC ("Capco" or the
"Company")
CONVERSION TO A UK REAL ESTATE INVESTMENT TRUST ("REIT")
Following the announcement on 2 December 2019, Capco confirms
that it has elected to join the UK REIT regime with effect from 9
December 2019. The Capco group will therefore no longer pay UK
direct tax on profits and gains from qualifying rental business
provided that certain conditions are met.
Information on the UK REIT regime can be found on the Company's
website at the link below and a hard copy of the information is
available from the Company on request. Further information will be
provided to shareholders with the Company's Annual Report for the
year ending 31 December 2019.
https://www.capitalandcounties.com/uk-real-estate-investment-trust-reit
Shareholders should seek independent tax advice if they are in
any doubt of the implications of the REIT conversion on their tax
position.
Enquiries:
Ruth Pavey
Company Secretary
Capital & Counties Properties PLC
Tel: + 44 (0) 20 3214 9170
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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