What is a REIT?
UK-REITs provide a range of important benefits to companies and investors. And, because UK-REITs are listed on the Main Market or AIM, they also enjoy all the other benefits associated with London's equity markets...
There are a number of qualifying conditions that a company needs to meet in order to become a UK-REIT. These qualifying conditions, as determined by HMRC, fall into 3 categories...
The London Stock Exchange is a member of the REITs and Quoted Property Group (“Reita”). Here you can find further information on REITs and quoted property investment...
How to qualify as a REIT?
There are a number of qualifying conditions that a company needs to meet in order to become a UK-REIT. These qualifying conditions, as determined by HMRC, fall into 3 categories; company conditions, property rental business conditions and balance of business conditions. In particular, a potential UK-REIT has to carry out a property rental business which can be a UK property investment business or an overseas property investment business. At least 75% of the group’s profits must derive from that property rental business and at least 75% of the group’s gross assets must comprise assets or cash involved in the property rental business.
Further details of the conditions required to be met to enter, and remain within, the UK-REIT regime can be found on the HMRC website at the link below:
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