SCHEDULES

SCHEDULE 1 U.K.Small profits rate for non-ring fence profits

PART 3 U.K.Consequential amendments

CTA 2010 U.K.

23 U.K.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).”