PART 3 Group Real Estate Investment Trusts

15 Non-resident joint venture companies and group Real Estate Investment Trusts
1 This regulation applies to a venturing group and a non-UK resident joint venture company to which these Regulations apply.
2 Paragraph 32 of Schedule 17 shall apply with the following further modifications—
(a) in sub-paragraph (1) the reference to a member of a group to which Part 4 applies shall be read as a reference to the joint venture company to which these Regulations apply;
(b) references to the company shall be read as references to the joint venture company to which these Regulations apply;
(c) in sub-paragraph (7) the reference to a UK resident member of a group to which Part 4 applies shall be read as a reference to a UK resident member of a venturing group to which these Regulations apply.
3 Section 112 as modified by paragraph 11 of Schedule 17 shall apply to the non-UK resident joint venture company as if the reference in paragraph 11(1)(d) of Schedule 17 to a non-UK resident member were a reference to a non-UK resident joint venture company to which these Regulations apply.