Following conversion, the Company is required to distribute at least 90% of qualifying income profits each year as a Property Income Distribution (PID). The total distribution paid is likely to be a combination PID and non PID (ordinary dividend) elements. PID payments will generally be paid out after deduction of withholding tax at the current basic rate of 20% (non-PID (ordinary dividends) will be subject to taxation charges from 6 April 2016). Certain classes of shareholder may be able to claim exemption from this deduction and further information is contained in the Tax Consequences note below.
REIT - Tax Consequences for Shareholders | Download PDF |
REIT - Declaration - Beneficial Owner | Download PDF |
REIT - Declaration - Intermediary | Download PDF |
REIT - Results of EGM (28 February 2007) | Download PDF |
REIT - Conversion Statement (5 February 2007) | Download PDF |
REIT - EGM Circular (5 February 2007) | Download PDF |