Part 12

Real Estate Investment Trusts
Chapter 10

Joint ventures

Introduction

Overview of Chapter
583
1
This Chapter makes provision about how this Part applies in relation to property rental business carried on—
a
by a joint venture company (as defined by section 584), or
b
by one or more members of a joint venture group (as defined by that section).
2
Sections 586 and 587 are about the notice required for this Part to apply in relation to the property rental business; it is the giving of the notice that makes a group UK REIT or company UK REIT a venturing group or venturing company (see section 585).
3
Sections 588 to 590 contain provision about the effect of the notice and its duration.
4
The remainder of the Chapter contains—
a
specific modifications and other provision relevant to the application of this Part (see sections 591 to 594),
b
provision that in certain circumstances a joint venture company or a member of a joint venture group is (or is not) liable to a further charge to tax under section 538 (see sections 595 to 597), and
c
provision about the interpretation of this Chapter (see section 598).