Managed investments in real property : tax rules undergo changes

Major changes have been made to the way in which withholding tax is levied on distributions made by Australian-managed investment trusts to non-residents, thereby affecting withholding tax rates and disclosure obligations. In the United States, the American Housing Rescue and Foreclosure Prevention Act of 2008 has amended some of the crucial qualification requirements for real estate investment trusts. This article considers how these changes will have a significant effect on property trusts.