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About Derwent London plc
This real estate investment trust (REIT) invests in and develops property, with a special emphasis on Central London office space. 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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