Corporation Tax Act 2010

565“The section 565 amount”U.K.

This section has no associated Explanatory Notes

(1)For the purposes of section 564 “the section 565 amount” is found by subtracting D from P.

(2)In the case of a group UK REIT—

  • P is 90% of the group's UK profits (as defined by section 530(2)) arising in the accounting period, and

  • D is the gross amount of those profits distributed in respect of the period on or before—

    (a)

    the filing date referred to in section 530(1), or

    (b)

    any later date specified by an officer of Revenue and Customs.

(3)In the case of a company UK REIT—

  • P is 90% of the company's profits from property rental business arising in the accounting period, and

  • D is the gross amount of those profits distributed in respect of the accounting period on or before—

    (a)

    the filing date referred to in section 530(4), or

    (b)

    any later date specified by an officer of Revenue of Customs.