Somewhat late to the market, Portugal’s government has announced that it is to present a proposal for a law that will allow Real Estate Investment Trusts (REITs) to operate in the country.
These widely used property investment companies sell tradable shares and buy property for the long-term, a high percentage of the income then is distributed to shareholders. In the UK, 90% of a REITs’ net income is distributed and the company is exempt from corporation tax.