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About British Land Company plc
This huge real estate investment trust (REIT) invests in commercial and residential property sites, including the Cheesegrater building in London.Property income distributions (PIDs) paid by UK REITs are subject to a 20% withholding tax. PIDs paid into ISAs are tax exempt. Freetrade will reclaim the withholding tax and distribute to ISA holders approximately 30-60 days after the PID is paid.
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