A Sirius-owned business park in Kirchheim. Picture: SUPPLIED
By entering the UK Reit regime, the property company will no longer be subject to UK corporation tax on income or gains from its property rental business and will be required to pay 90% or more of its UK property rental business income to shareholders annually as property income distributions.Sirius entered the UK market in November last year when it acquired BizSpace in a £245m deal.
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