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HMRC internal manual

Guidance on Real Estate Investment Trusts

Distributions: administration: attributions and reconciliation: summary of examples


The tables on this page and at GREIT08090 to GREIT08095 summarise the examples in GREIT08075 and GREIT08080.

Reconciliation for a.p.e. 31 December 2007

The reconciliation for distributions paid in accounting period ending 31 December 2007that should accompany the CT61(Z) for QE 31 December 2007 could look like the table below.

Category reserves    
b/f February 2007 distribution reserves  
(a)     -
(b) 900 (800) 100
(c)     -
(d)     -
(e) 100   100
totals 1,000 (800) 200

The first column is the reserves when company C became a UK-REIT, divided between (b)income from taxable activities and (e) other from pre-entry periods.

The second column shows how the final distribution for profits of 2006 is attributedentirely to Category (b).

The final column shows how the reserves stand at the year end. As the profits for the yearto 31 December 2007 have not been struck, they do not feature in the reconciliation ofdistributions paid in the year.

Attribution of 2006 final distribution

This is derived from the second column.