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HMRC internal manual

Guidance on Real Estate Investment Trusts

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HM Revenue & Customs
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Distributions: administration: attributions and reconciliation: summary of examples

 

The tables on this page and at GREIT08085 and GREIT08095 summarise the examples in GREIT08075 and GREIT08080.

Reconciliation for a.p.e. 31 December 2008

Following on from the reconciliation for the previous accounting period (see GREIT08085), the reconciliation for distributions paid in thenext accounting period, ending 31 December 2008, would then look like the table below.

| Category | reserves b/f | adjust-ments to b/f | allocate 2007 profits | 31.12.07
final
balance | Feb 2008 distribution | Sept 2008 distribution | reserves c/f | || |   |   |   |   |   |   |   |   | | (a) | - |   | 900 | 900 | (900) | (540) | (540) | | (b) | 100 |   | 200 | 300 | (250) | (60) | (10) | | (c) | - |   | 100 | 100 |   |   | 100 | | (d) | - |   |   | - |   |   | - | | (e) | 100 |   |   | 100 |   |   | 100 | |   |   |   |   |   |   |   |   | | totals | 200 | - | 1,200 | 1,400 | (1,150) | (600) | (350) |

The first column is the reserves brought forward from the 2007 reconciliation.

The second column shows any adjustments to the reserves brought forward (none in thisexample).

The third column shows how the profits of 2007 are divided up between Categories (a) to(c).

The fourth column shows the reserves at 31.12.07 with the inclusion of the profits for theyear.

The fifth column shows how the final distribution for profits of 2007 is attributedentirely to Categories (a) and (b).

The sixth column shows how the interim distribution for profits of 2008 is earmarkedentirely to Categories (a) and (b).

The final column shows how the reserves stand at the year end. As the profits for the yearto 31 December 2008 have not been struck, they do not feature in the reconciliation ofdistributions paid in the year.

Attribution of 2007 final distribution

This is derived from the fourth column.