The table below gives a summary of the contents of draft guidance (Greit – Guidance on Real Estate Investment Trusts) prepared by HMRC on the interpretation of the legislation relating to UK-REITs.

The legislation is in sections 103 to 145 and Schedules 16 and 17 Finance Act 2005 and in four sets of regulations in Statutory Instruments 2006/2864 to 2867.

Please note that, as the guidance is in draft form, the hyperlinks contained within it will not work. The links in the table below lead to each main section of the guidance. It will be necessary to scroll down within the section to see individual pages in that section.

The guidance, in its present state represents HMRC's preliminary opinions on interpretation of the legislation but any changes in the published guidance will supersede this draft. The published version should be available from late January.

This draft has been discussed with an industry working group but any further comments or suggestions should be sent by e-mail to: UK-REITs.

• Greit01000 Background (PDF 74K)
• Greit02000 Conditions and Tests (PDF 191K)
• Greit03000 Entry to the regime (PDF 85K)
• Greit04000 Tax-exempt income (Including in draft: Greit04500 Non-tax-exempt income) (PDF 109K)
• Greit05000 Capital gains: contents (PDF 80K)
• Greit06000 Leaving the regime (PDF 66K)
• Greit07000 Breaches of conditions (PDF 97K)
• Greit08000 Distributions (including in draft Greit08500 Taxation of investors) (PDF 214K)
• Greit09000 Miscellaneous (PDF 134K)
• Greit11000 Group REITs (PDF 132K)
• Greit12000 Group Conditions and Rules (PDF 164K)
• Greit13000 Joint ventures (PDF 71K)
• Detailed Contents A full list of pages in draft guidance (PDF 91K)