Version Superseded: 17/07/2012
Point in time view as at 01/04/2010. This version of this provision has been superseded.
Corporation Tax Act 2010, Section 527 is up to date with all changes known to be in force on or before 16 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This section sets out the requirements that must be met if a group or company is to be a UK REIT in relation to an accounting period.
(2)In order for a group of companies in respect of which a notice has been given under section 523 to be a group UK REIT in relation to an accounting period—
(a)each of the conditions in section 528 (conditions for company) must be met in relation to the principal company throughout the accounting period,
(b)the group must throughout the period have property rental business in relation to which conditions A and B in section 529 are met (whether or not the group also has other business),
(c)the condition in section 530 (distribution of profits) must be met in relation to the period,
(d)conditions A and B in section 531 (balance of business) must be met in relation to the period, and
(e)the principal company must prepare for the period, and submit to an officer of Revenue and Customs, financial statements under section 532.
(3)In order for a company which has given a notice under section 524 to be a company UK REIT in relation to an accounting period—
(a)each of the conditions in section 528 (conditions for company) must be met in relation to the company throughout the accounting period,
(b)the company must throughout the period have property rental business in relation to which conditions A and B in section 529 are met (whether or not the company also has other business),
(c)the condition in section 530 (distribution of profits) must be met in relation to the period, and
(d)conditions A and B in section 531 (balance of business) must be met in relation to the period.
(4)Subsections (2) and (3) are subject to any relaxation of any condition in section 525, 558 or 559 or Chapter 8.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
