36530822
Beschreibung
Mindmap von Katerina Kritikos, aktualisiert more than 1 year ago
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Erstellt von Katerina Kritikos
vor mehr als 2 Jahre
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Real Estate Investment Trust (REIT)
- Ring fenced property letting business is not subject to corporation tax
- At least 75% of company's gross profits must be from
property rental business (tax exempt part of the business).
- At the beginning of each accounting period, value of assets in tax exempt
part of business must be at least 75% of total assets held by company.
- Only limited debt financing permitted and interest must be 125% covered by rental profits.
- Distributions are paid as property exempt distribution to investors paid net of basic rate tax at 20%
(unless in an ISA/pension). Non taxpayers can reclaim. Dividends from non tax exempt business
receive dividends gross.
- At least 90% of profits from tax exempt business must be distributed as a dividend within 12 months of end of accounting period.
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