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About Land Securities Group plc
One of the largest property investors in the UK, This real estate investment trust (REIT) has a massive portfolio of commercial property and has recently diversified into housebuilding. 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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