Corporate Intangibles Research and Development Manual

CIRD60065 - Land Remediation Relief: Real Estate Investments Trusts

A Real Estate Investment Trust (REIT) is a vehicle that allows an investor to obtain broadly similar returns from their investment, as they would have, had they invested directly in property. The vehicle is a limited company (or a group of such companies), required to invest mainly in property and to pay out 90% of the profits from its property rental business as dividends to shareholders.

Further information on REITs can be found in the 바카라 사이트淕uidance on Real Estate Investment Trusts바카라 사이트�.

Land Remediation Relief and a REIT

A REIT can claim Land Remediation relief on qualifying land remediation expenditure (See CIRD63000).

Land Remediation Tax Credit and a REIT:

A REIT that makes a qualifying land remediation loss (see CIRD68005) for an accounting period can make a claim to surrender that loss, or a part of that loss, in return for a payment of land remediation tax credit (see CIRD68000).