Zimbabwe runs its real estate investment system through five main laws. These include the Securities and Exchange Act found in Chapter 24:25 and the Income Tax Act in Chapter 23:06. You'll also find rules in the Collective Investment Schemes Act under Chapter 24:19. Two more sets of regulations complete the legal picture - one from 1998 about internal schemes and an important update from 2019.
The government first created REITs through that 2019 regulation change. Before then, these investment options didn't exist locally. The amendment specifically introduced this investment type as number five in the official regulations. Zimbabwe wanted everyday people to put money into buildings together instead of trying to buy entire properties alone.
Later, in 2020, the government published General Notice Number 469. This official notice declared that REIT securities count as real investment products under Zimbabwean law. The notice helped make these investments legitimate options for anyone looking to grow their money through property markets without becoming landlords themselves.
Tax benefits came next when Zimbabwe passed Finance Law Number 10 that same year. This law specifically exempts REITs from certain taxes other investments must pay. The tax breaks help make these investments more profitable for regular citizens who buy shares. These combined laws created a complete system for property investment trusts across the country.
The government first created REITs through that 2019 regulation change. Before then, these investment options didn't exist locally. The amendment specifically introduced this investment type as number five in the official regulations. Zimbabwe wanted everyday people to put money into buildings together instead of trying to buy entire properties alone.
Later, in 2020, the government published General Notice Number 469. This official notice declared that REIT securities count as real investment products under Zimbabwean law. The notice helped make these investments legitimate options for anyone looking to grow their money through property markets without becoming landlords themselves.
Tax benefits came next when Zimbabwe passed Finance Law Number 10 that same year. This law specifically exempts REITs from certain taxes other investments must pay. The tax breaks help make these investments more profitable for regular citizens who buy shares. These combined laws created a complete system for property investment trusts across the country.
