Real estate investment trusts (REITs): tax
NOTE: This resource is being reviewed in light of the March 2015 Budget. For more information, see Legal update, March 2015 Budget: business tax implications.
The UK real estate investment trust (REIT) regime applies to companies and groups that meet certain conditions with the effect that the income profits and capital gains of their qualifying property rental businesses are exempt from tax.
This practice note discusses the conditions that must be satisfied, the effects of joining and leaving the regime and the tax treatment of both the REIT and its investors.