705N Breach of conditions regarding distributions

If a REIT or group REIT does not distribute 85% of its property income, then it is chargeable to corporation tax under Case IV of Schedule D on the amount which is the difference between 85% of the property income and the amount of property income actually distributed. This does not apply if the REIT or group REIT is restricted from making a distribution by any provision of the Companies Acts.

Relevant Date: Finance Act 2021