real estate investment trust REIT
real estate investment trust REIT
This UK's real estate investment trust (REIT) regime allows companies carrying on a property rental business to benefit from exemptions from corporation tax on property related income and gains, provided they meet certain conditions. Under current law, the holding company of a REIT group must be UK resident and traded on a recognised stock exchange. REITs are required to distribute at least 90 per cent of their tax exempt income profits to investors. (Updated by PwC, March 20 2013) [1]