Corporation Tax Act 2010 (c. 4)

Part 12 U.K. Real Estate Investment Trusts

Chapter 2 U.K. Requirements for being a UK REIT

Being a UK REIT in relation to an accounting period U.K.

532 Financial statements for group UK REITs U.K.

(1) This section and section 533 set out the requirements referred to in section 527(2)(e) for financial statements in relation to a group UK REIT for an accounting period.

(2) The principal company must prepare—

(a) a financial statement for the group's property rental business for the accounting period,

(b) a financial statement for the group's property rental business in the United Kingdom for the period, and

(c) a financial statement for the group's residual business for the period.

(3) The reference in subsection (2)(b) to the group's property rental business in the United Kingdom is a reference to—

(a) property rental business of UK members of the group, and

(b) UK property rental business of other members.