Switch out of buy-to-let

Buy-to-let has lost its appeal due to tax changes. Max King looks at the best real-estate investment trusts (Reits) to buy instead.

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Alton Towers: shouldn't be a scare for investors

Changes to stamp duty, capital gains tax and the deductibility of mortgage interest from property income have significantly eroded the appeal of directly investing in property, such as in buy-to-let. Listed real-estate investment trusts (Reits) may be a more attractive option.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.