Policy paper

Amendments to the Real Estate Investment Trusts regime

This measure makes amendments to the Real Estate Investment Trust (REIT) regime to enhance its competitiveness.

From:
HM Revenue & Customs
Published
15 March 2023

Documents

Corporation Tax: Real Estate Investment Trusts (REITs)

Details

Further to the announcement made in the Edinburgh Reforms launched on 9 December 2022, this measure will make three changes to enhance the REIT regime rules. These changes:

  • remove the requirement for a REIT to hold a minimum of three properties where it holds a single commercial property worth £20m or more;
  • amend the rule that deems a disposal of property within 3 years of being significantly developed to be outside the property rental business; and
  • amend the rules for deduction of tax from property income distributions paid to partnerships.
Published 15 March 2023

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