UK Real Estate Investment Trusts

A UK Real Estate Investment Trust (REIT) is a UK resident investment company or group of companies which carries on a property rental business, meets various conditions and has given notice to HMRC that it wishes to apply the UK REIT regime. For the purposes of the REIT tax regime, a property rental business includes UK property businesses and overseas property businesses.

When a company meets the qualifying conditions and gives notice to HMRC to become a REIT, the company becomes transparent for tax purposes. The profits and gains arising from the qualifying property rental businesses are exempt from corporation tax and are instead taxed on the shareholders.

For further details of the REIT regime see our factsheet here.


Buisness tax team