Investment fears

‘The British property industry has warned that moves to clampdown on the sale of exotic investments could restrict small-time investors from buying real estate stocks.

The warning comes after the FSA announced a consultation on how to police schemes targeted at ordinary retail customers following a string of mis-selling scandals.

However, under the current terms of the FSA’s consultation document, real estate investment trusts (Reits) could be affected.

A spokesman for the FSA commented: “Some Reits may be included depending on their legal structure and if they are set up as a special purpose vehicle which is designed for investment purposes.

But this is a consultation and this is not a foregone conclusion”. In response, the British Property Federation said that Reits did not qualify as “exotic” or speculative investment.’

Source: The Times

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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