Commentary

D7.1105 Conditions for property rental business

Corporate tax
Corporate tax | Commentary

D7.1105 Conditions for property rental business

Corporate tax | Commentary

D7.1105 Conditions for property rental business

To be a company UK REIT in relation to an accounting period, a company must, in addition to meeting the company conditions set out in D7.1104, also carry on a property rental business that meets Conditions A and B below throughout that accounting period1.

The Conditions are as follows2:

  1.  

    •     Condition A – the business must involve at least three rental properties. For these purposes, a property is a single property if it is designed or equipped for rental as a unit separate from other units3. As such, a shopping centre would comprise multiple properties

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