# Finance Act 2021, Paragraph 22


In section 534 (REITs: profits), after subsection (2) insert—
“(3) Profits which—
(a) arise from the residual business of a UK company which is, or is a member of, a UK REIT, and
(b) are charged to corporation tax,
are to be charged at a rate determined without reference to sections 18A and 18B (companies with small profits).”

---
Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/1/paragraph/22 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-1/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.