Mutual trading refers to situations where the income of a company arises solely from contributions by its members, with those members being the owners of the company. These organizations often operate as mutuals or building societies, and their 'profits' are considered a surplus of contributions rather than taxable profit.
A Real Estate Investment Trust (REIT) is a company resident in the UK that owns at least three properties let to third parties and distributes at least 90% of its profits to shareholders. REITs are exempt from UK corporation tax, and distributions are taxed as rental income to shareholders.
