| 释义 |
real-estate investment trust
(REIT) A company that is resident in the UK, owns at least three properties that are let to third parties, and distributes at least 90% of its profits to its shareholders (Finance Act 2006 s 103–45). A real-estate investment trust is exempt from UK corporation tax. The distributions made by an REIT are not treated as dividends, but are taxed in the hands of shareholders as if they were rent received directly by those shareholders. |