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Revenue sets out Reits’ regime

HM Revenue and Customs has published draft guidance on real estate investment trusts , detailing how the legislation will be interpreted and applied.

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Is it unfair for advisers that the 15-year long-stop rule for complaints does not apply to Financial Ombudsman Service decisions?Yes “It is unfair. With legal advice on wills, for example, it can also take longer than 15 years to find out whether the advice was wrong.”Ronald Abram, Abram Lawless Financial Services Yes “My initial thoughts […]

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