Tax treatment of REIT shares held in a UK Limited Company.

[flyer61]

Does anybody have any knowledge or could guide me in the correct direction concerning the tax treatment of dividends received from REIT's held in a UK Ltd Company.

[genou]

Does anybody have any knowledge or could guide me in the correct direction concerning the tax treatment of dividends received from REIT's held in a UK Ltd Company.

That'd be https://www.legislation.gov.uk/ukpga/2010/4/section/548 , specifically sub(5)

(5)If the shareholder is within the charge to corporation tax, the distribution is to be treated as profits of a UK property business (within the meaning given by section 205 of CTA 2009) so far as the distribution is a distribution of exempt profits .

The company is eligible to receive the PIDs gross, but will have to claim that by letting the REIT know ( no idea what to do if you have an intermediary - ask them ) .

[BobGe]

The company is eligible to receive the PIDs gross, but will have to claim that by letting the REIT know ( no idea what to do if you have an intermediary - ask them ) .

Any idea what the situation would be if the PID is received nett?

[genou]

The company is eligible to receive the PIDs gross, but will have to claim that by letting the REIT know ( no idea what to do if you have an intermediary - ask them ) .

Any idea what the situation would be if the PID is received nett?

Not got a clue, sorry.

[flyer61]

Thanks for the replies.

My provider says they will be paid net ie minus 20%. Need now to work out how or if this can be reclaimed.

Also this little gem to sort out. A Legal Entity Identifier

https://www.lseg.com/LEI

[flyer61]

Now have an LEIdentifier. Probably the worst website I have ever come across. Two phone calls to Bucharest got us over the line.

Before anybody says was it a scam...my providers website accepted the 20 digit/alphabet code they sent.

[BobGe]

If you don't mind saying, what was the cost?

[flyer61]

Think it was 90 quid plus VAT and it is payable annually.