Policy paper

Amendments to the Real Estate Investment Trusts regime

This measure makes amendments to the Real Estate Investment Trust (REIT) regime to enhance its competitiveness.

Documents

Details

Further to the announcement made in the Edinburgh Reforms launched on 9 December 2022, this measure will make three changes to enhance the REIT regime rules. These changes:

  • remove the requirement for a REIT to hold a minimum of three properties where it holds a single commercial property worth £20m or more;
  • amend the rule that deems a disposal of property within 3 years of being significantly developed to be outside the property rental business; and
  • amend the rules for deduction of tax from property income distributions paid to partnerships.

Updates to this page

Published 15 March 2023

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