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HMRC internal manual

Guidance on Real Estate Investment Trusts

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HM Revenue & Customs
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Group REITs: general definitions

 

The legislation uses a number of terms to describe various parts of the group and theactivities it undertakes. In this context, ‘group’ is the group of companies as definedfor the purposes of the UK-REIT regime – that is, the 75%/ effective 51% subsidiariesof the principal company.

The definitions of various parts of this group are in paragraph 2 Schedule 17 FA 2006, andare described in GREIT11040. Other relevant definitions inrelation to members of the group and their activities are in paragraph 3 Schedule 17 FA2006: described in GREIT11045.

Other terms, while not in the legislation, are being used as shorthand in the context ofthe UK- REIT regime. These are set out in GREIT11040.