Real Estate Investment Trusts (REITs)
REITs are companies who earn rental income from commercial or residential property. They are generally exempt from Corporation Tax (CT) on income from their property rental business only. Also they are generally exempt from chargeable gains made on the disposal of assets of their property rental business only. A REIT may be a single company or a group of companies.
If your company intends to become a REIT, you must notify Revenue. You do this by completing a Form REIT1. If your company is the principal company in a group, you must complete a Form REIT2. If the group of companies changes, you must complete a Form REIT 2A.