In addition to meeting the conditions set out in D7.1104 and 1105, to be a UK REIT in relation to an accounting period, a company must also meet the distribution condition in respect of the accounting period1.
The distribution condition requires that2:
- Ìý
•ÌýÌýÌýÌý all of a company or groups UK REIT's profits that are UK REIT investment profits are distributed, and
- Ìý
•ÌýÌýÌýÌý 90% of profits of the property rental business as calculated for tax purposes after capital allowances and financing costs, are distributed to shareholders, see D7.1115A.
The distribution requirement can be satisfied by the issue of a stock dividend instead of a cash dividend (or the issue of a combination of stock and cash dividends)3.
Distributions
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:27