SCHEDULES
SCHEDULE 1Small profits rate for non-ring fence profits
PART 3Consequential amendments
CTA 2010
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).