Commentary

D7.1166 Joint ventures

Corporate tax
Corporate tax | Commentary

D7.1166 Joint ventures

Corporate tax | Commentary

D7.1166 Joint ventures

Inclusion in a group UK REIT is not restricted to the principal company and its 75% subsidiaries1. The proportion of the income and assets, and profits and gains of the UK property rental business of joint venture companies or groups that are held by a member of a REIT group may, by election, be included in the regime.

A joint venture company or group may be included within the regime provided the UK REIT is beneficially entitled to 40% or more of profits available for distribution and assets available on a winding up of the joint venture.

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