Paragraph 555

in subsection (1)(b) for sub-paragraphs (i) and (ii) substitute—

“(i)

paid by a company UK REIT in respect of profits or gains (or both) of the company's property rental business, or

(ii)

paid by the principal company of a group UK REIT in respect of profits or gains (or both) of property rental business of members of the group.”,

in subsection (3) for “company to which Part 4 of FA 2006 applies” substitute “ company UK REIT ”, and

after subsection (7) insert—

“(8)

In subsection (1) “gains” includes chargeable gains.”