SCHEDULES
SCHEDULE 4Real estate investment trusts
Disposal of assets
43
1
Section 556 (disposal of assets) is amended as follows.
2
In subsection (1)—
a
omit the “and” after paragraph (a), and
b
after paragraph (b) insert
, and
c
if the company is a member of a UK REIT, the disposal is not to another member of the UK REIT.
3
In subsection (3)—
a
omit the “and” after paragraph (b), and
b
after paragraph (c) insert
, and
d
if the company is a member of a UK REIT, the disposal is not to another member of the UK REIT.