Part 12Real Estate Investment Trusts
Chapter 11Part 12: supplementary
Interpretation
605Property rental business: exclusion of business producing listed income
1
Business is not property rental business so far as it gives rise to income of a class listed in the table in subsection (2).
2
This is the table—
Class | Description |
|---|---|
Class 1 | All income in connection with the operation of a caravan site, if section 20(1) of ITTOIA 2005 (caravan sites) would apply in respect of any receipts in connection with the operation of the site. |
Class 2 | Rent in respect of an electric-line wayleave. |
Class 3 | Rent in respect of the siting of a pipeline for gas. |
Class 4 | Rent in respect of the siting of a pipeline for oil. |
Class 5 | Rent in respect of the siting of a mast or similar structure designed for use in a mobile telephone network or other system of electronic communication. |
Class 6 | Rent in respect of the siting of a wind turbine. |
Class 7 | Dividends from shares in—
|
Class 8 | Income arising out of an interest in a limited liability partnership where section 1273(4) of CTA 2009 (winding up) applies. |
3
The Commissioners for Her Majesty’s Revenue and Customs may by regulations—
a
add a class to the table in subsection (2),
b
amend a class (or provision made in relation to it) or make such provision in relation to a class as the Commissioners consider appropriate, or
c
remove a class from the table (or provision made in relation to it).