Corporation Tax Act 2010 (c. 4)

Part 12 U.K. Real Estate Investment Trusts

Chapter 9 U.K. Leaving the UK REIT regime

Notice to leave regime U.K.

573 Notice under section 572: tax advantage U.K.

(1) An officer of Revenue and Customs may give a notice under section 572(1) if the condition in this section is met.

(2) The condition is met in the case of a group UK REIT if, during the relevant 10-year period, two notices have been given under section 545 (cancellation of tax advantage) to members of the group.

(3) The condition is met in the case of a company UK REIT if, during the relevant 10-year period, two notices have been given under section 545 to the company.

(4) “The relevant 10-year period” is the period of 10 years beginning with the day on which the first notice was given under section 545.