Part 12Real Estate Investment Trusts
Chapter 2Requirements for being a UK REIT
Becoming a UK REIT
524Notice for a company to become a UK REIT
(1)
A company becomes a company UK REIT if it gives a notice under this section.
(2)
A notice under this section is a notice specifying a date from which the company is to be a UK REIT.
(3)
A company may only give a notice under this section if—
(a)
it is a UK company, and
(b)
section 236 of FISMA 2000 (open-ended investment companies) does not apply to it.
(4)
If a company gives a notice under this section, the company is a UK REIT from the date specified in the notice.
(5)
In this Part “company UK REIT” means a company which has given a notice under this section.
(6)
This section is subject to section 527(3) (requirements to be a company UK REIT).