For the purposes of section 564 “the section 565 amount” is found by subtracting D from P.

In the case of a group UK REIT—

• P is 90% of the group's UK profits (as defined by section 530(2)) arising in the accounting period, and

• D is the gross amount of those profits distributed in respect of the period F1within —

  1. (a)

     the F2deadline set by section 530(1), or

  2. (b)

     any later F3deadline set by an officer of Revenue and Customs.

In the case of a company UK REIT—

• P is 90% of the company's profits from property rental business arising in the accounting period, and

• D is the gross amount of those profits distributed in respect of the accounting period F4within —

  1. (a)

     the F5deadline set by section 530(4), or

  2. (b)

     any later F6deadline set by an officer of Revenue of Customs.

The definition of “D” in subsections (2) and (3) needs to be read with section 530A (so far as applicable).