REITs UK: Property Investing Without the Tenants

A REIT is a listed company that owns income-producing property and is required to pay out 90% of rental profits as dividends

UK REITs in an ISA are tax-free; outside an ISA the dividend portion is taxed as property income, not standard dividend rates

A diversified REIT or REIT ETF gives you property exposure without tenants, mortgages, repairs, or stamp duty surcharges

Returns roughly track property prices over the long term, with much higher liquidity and lower transaction costs than buy-to-let