UK: Updated HMRC guidance on real estate investment trusts (REITs)
Updates to reflect legislative amendments introduced by Finance Acts 2022 to 2024
HM Revenue and Customs (HMRC) updated its guidance on real estate investment trusts (REITs) to reflect legislative amendments introduced by Finance Acts 2022 to 2024 and provide additional clarity in certain other areas, including:
- Non-close condition
- Overseas equivalent of UK REIT
- Listing condition
- Capital allowances
- Three-year development rule
Read a May 2025 report prepared by the KPMG member firm in the UK