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13 September 2010

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Property Finance News

France mulls REIT law changes to allow 2-yr drop-out if 60% rule not met

France is weighing changes in its REIT/SIIC laws to extend the exit tax for two years past the original end-2008 close and reduce pressure on firms faced with cutting 60%-plus single-shareholder stakes, allowing mild penalties for dropping out and re-entering before end-2010.

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