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Corporation Tax Act 2010

Section 563: Breach of conditions as to property rental business

1773.This section provides that conditions A or B of section 529 can be breached without causing the UK REIT regime to terminate. It is based on section 116(1) and (3) of FA 2006.

1774.This section enacts regulation 5(1) and (2) of SI 2006/2864. See Change 43in Annex 1.

1775.As indicated in section 569, this section is subject tosection 572, which allows an officer of Revenue and Customs to issue a notice of termination of the UK REIT regime in some circumstances.

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