Paragraph 23

In section 535 (REITs: gains), after subsection (5) insert—

“(6)

Gains which—

(a)

accrue to residual business of a 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).”