JENNY RUTH: Leopards, spots and how a Vital benefit may be a hurt

JENNY RUTH: Leopards, spots and how a Vital benefit may be a hurt
Jenny Ruth
Can a leopard change its spots? It appears not in the case of Vital Healthcare Property Trust's manager, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust.NorthWest very much wants to restructure Vital and to list its units on ASX and it's easy to see why: it owns nearly 25 percent of Vital and its PIE status for tax purposes is no use to NorthWest, making it very tax inefficient.The proposal would split Vital into two vehicles, a New Zealand trust with PIE status owning the 25 percent of Vital's properties that are in N...

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