If you’re an income investor who’s thinking about investing in REITs via your ISA this year, look no further. This article aims to answer questions you may have before you get started.
Can REITs be held in ISA?
Yes, REITs can be held within an Individual Savings Account (ISA). The main benefit of doing so is that the investment profits you make up to your ISA allowance amount (currently £20,000 for tax year 2022/23) will be free from dividend tax, income tax and capital gain tax! This means that you will not be required to pay taxes on the REITs dividends from your ISA!
What is an ISA?
An Individual Savings Account or ISA is a tax-free way to save or invest. In 1999, ISAs were introduced by then Chancellor Gordon Brown to encourage people to save and invest their money. The main benefit of using an ISA is...