Policy paper

Further amendments to the Real Estate Investment Trust regime

This measure makes amendments to the Real Estate Investment Trust (REIT) regime to make it more competitive.

Documents

Draft legislation

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory note

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

As part of the ongoing review of the UK funds regime, this measure will make further changes to enhance the Real Estate Investment Trust (REIT) regime rules. These changes:

  • amend the condition that a REIT is not a close company to make sure the rule works as intended
  • allow insurance companies to hold group REITs
  • amend the profit to financing cost ratio to make sure it works as intended
  • amend the rule that deals with the interaction of the REIT rules with the corporate interest restriction rules
  • amend the rule that allows a REIT to hold a single property
  • amend the rule that exempts gains on the disposal of UK property rich entities

Updates to this page

Published 18 July 2023

Sign up for emails or print this page