The UK legislation in relation to the taxation of Real Estate Investments Trusts (REITs) was introduced some time ago now in Finance Act 2006, with the first date a company could become a REIT being 1 January 2007.
The general rules around the taxation of these types of companies has remained broadly the same, although minor aspects of the legislation have been amended over the years, and HMRC recently reformed an aspect of the compliance requirements that apply to REITs.
In this article we will look at an overview of these rules.
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