Commentary

D7.1165 Insurance companies

Corporate tax
Corporate tax | Commentary

D7.1165 Insurance companies

Corporate tax | Commentary

REITs—Miscellaneous

D7.1165 Insurance companies

The provisions described in this article apply to treat shares in UK REITs held by an insurance company as part of its long term insurance fund in the same way as holdings in authorised investment funds, unit trusts and offshore funds. For the purposes of taxation of chargeable gains, the insurance company is deemed to have sold the shares and immediately reacquired them at market value at the end of each accounting period.

To effect this, shares in a UK REIT are added to the list1 of assets that are subject to an annual deemed disposal

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