Hello, would anyone else like REITs such as reci, Soho, csh etc to be available in the isa and sipp accounts to provide tax sheltering.
This appears to be on free trades future plan. see the response from Alan(free trade) below. Please vote to speed this up.
Yes, we do have plans to offer this in the future.
To provide you with some context - Real Estate Investment Trusts (REITs) charge 20% tax if they issue a distribution (dividend) as a property income distribution (PID). This isn’t applicable for any REITs in ISA’s, so the 20% should be refunded to ISA customers in this instance. We don’t have the means to do this just yet so we avoid this by not allowing REITs to be purchased within these account types.
We’re hoping to offer this soon though.
Hope this helps, let me know if you have any further questions at all.