Real estate investment trusts (REITs): tax
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.
NOTE: This resource is being reviewed in light of the 2015 Autumn Statement and Spending Review. For more information, see Legal Update, 2015 Autumn Statement and Spending Review: key business tax announcements.