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"George Osborne is poised to introduce a major change to the listed commercial property sector by allowing real estate investment trusts (Reits) to invest in each other on a more tax-efficient basis.
"The chancellor is set to change the current tax treatment of the listed property vehicles, so that investing in other Reits will enjoy the same tax freedom as investing in physical buildings.
"... The government first introduced Reits in Britain in 2007, a move which prompted conversion by most of the major players in the industry such as British Land, Land Securities and Hammerson."
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