New rules now permit investors to include commercial property funds in individual savings account (ISA) or personal equity plan (PEP) wrappers for the first time. This means that investors can have direct exposure to bricks-and-mortar investments in a tax-efficient way.
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Previously they could gain property exposure to ISAs only through the shares of property companies. This also follows the decision to allow real estate investment trusts (REITs) to be included in ISAs and PEPs from January 2007.
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