Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Guidance on Real Estate Investment Trusts

From
HM Revenue & Customs
Updated
, see all updates

Guidance on Real Estate Investment Trusts: recent changes

Below are details of the amendments that were published on 25 January 2010
(see the update index for all updates)

Section Details of update  
     
GREIT03005 Clarification that quarterly instalment payments apply to the entry charge  
GREIT03010 Changes to condition for joining the REIT regime from FAs 2007 and 2009  
GREIT03015 Changes from CTA 2009 for the definition of accounting period and insertion of guidance on eh submission of returns  
GREIT03025 Changes from CTA 2009 regarding the entry charge  
GREIT03028 Correction of dates in examples  
GREIT03030 Insertion of link to guidance on transparent and opaque entities  
GREIT03100 Correction to references in legislation  
GREIT03105 Clarification regarding the use of losses  
GREIT03110 Correction to references to legislation  
GREIT04000 Changes to contents to include CTA2009 Terms  
GREIT04005 Change to use in the guidance terms used in CTA 2009 and amendment to guidance on overseas property  
GREIT04010 Insertion of guidance on Land Remediation Relief and Enhanced Capital Allowances  
GREIT04020 Change to use in the guidance terms used in CTA 2009 and update on loan relationships  
GREIT04025 Change to use in the guidance terms used in CTA 2009 and loan relationships  
GREIT04028 Change to use in the guidance terms used in CTA 2009  
GREIT04030 Change to use in the guidance terms used in CTA 2009 and amendment about trading income  
GREIT04035 - GREIT04040 Change to the use in the guidance terms of CTA 2009  
GREIT04045 Change to use in the guidance terms used in CTA2009 and amendment about trading income  
GREIT04060 Change to use in the guidance terms used in CTA 2009  
GREIT04505 Update for CTA 2009 changes to trading income  
GREIT04515 Update for CTA 2009 changes to trading income  
GREIT05055 Clarification of example of CG transaction  
GREIT06010 Amendment to include guidance on demergers  
GREIT06013 Amendment to include changes in CTA 2009  
GREIT06025 Clarification of circumstances when HMRC can give notice to leave regime  
GREIT06030 Amendment to definition of shares that can be held by a REIT  
GREIT06035 Correction of reference to legislation  
GREIT06045 Correction to reference to legislation and clarification on groups leaving regime  
GREIT07005 Inclusion of demergers as circumstance when breach of conditions may not apply, clarification regarding shareholder breaches  
GREIT07010 Clarification of guidance on maximum shareholding and breaching the profit financing cost ratio  
GREIT07030 Expansion of guidance to cover where breaches are in successive accounting periods  
GREIT07035 Examples of breaches clarified  
GREIT07050 Examples of breaches clarified  
GREIT07055 Insertion of guidance about who is charged on breaching the distribution requirement when a REIT leaves the regime  
GREIT07060 Guidance clarified regarding breached of the balance of business condition  
GREIT07065 Insertion of information about breaches that are not taken into account  
GREIT07075 Insertion of guidance about exceptions to breaches of the balance of business condition  
GREIT08005 Changes to update guidance for ‘property business’ and CTA 2009  
GREIT08025 Deletion of reference to capitalised interest  
GREIT08045 Update to take CTA 2009 into account  
GREIT08055 Clarification on the result of appointing a liquidator  
GREIT08060 Update of tax rate  
GREIT08065 Update to reference to ITA 2007  
GREIT08115 Updating of reference to legislation  
GREIT08120 Correction of references to legislation  
GREIT09005 Update to guidance as a result of FA2009 change  
GREIT09020 Removal of reference to Schedule A  
GREIT09160 Correction so that guidance refers to MPID  
GREIT09180 Removal of reference to Schedule A  
GREIT09185 Update to taxation of seller  
GREIT09230 Removal of reference to Schedule A and overseas property business  
GREIT11010 Update regarding conditions to be met on joining the regime, the listed company requirement  
GREIT11015 Update to conditions to be met while in the REIT regime after legislative changes  
GREIT11030 Removal of references to Schedule A  
GREIT11045 Insertion of cross reference to the International manual regarding company residence  
GREIT11105 Removal of reference to Schedule A  
GREIT11115 Update to dividends  
GREIT11215 Update of legislative references  
GREIT11305 Expansion of guidance on a member of a group leaving the REIT regime  
GREIT11305 Update to companies leaving a group REIT  
GREIT11310 Update of legislative references  
GREIT12003 Groups update to property rental conditions  
GREIT12005 Update to owner occupation exclusion regarding change to legislation  
GREIT12010 Update to balance of business conditions  
GREIT12015 Balance of Business income test, exceptional items clarification of legislation applying  
GREIT12020 Insertion of ‘Joint Venture’ guidance  
GREIT12025 Change to reflect amended legislation for the ‘distribution’ condition  
GREIT12035 Correction to reference to legislation for Group maximum shareholding  
GREIT12050 Inserting guidance about waiving the tax charge on breaching the profit:finance cost ratio  
GREIT13005 Insertion of guidance on joint Venture Groups and terms used  
GREIT13010 GREIT13055 Insertion of guidance on Joint Venture Groups