Tax change could herald hotter property

The prospect of exchange-traded property derivatives may have moved a step closer following a change in UK tax rules, according to Deloitte property tax specialist Phil Nicklin.
Nicklin told FO Week the new rules, which allow for tax relief on losses, addressed problems in the old system that discouraged the use of property derivatives.

"No-one in their right mind, except someone who was maybe exempt or had a whole load...