563Breach of [F1property rental business condition] U.K.
This section has no associated Explanatory Notes
(1)Subsection (2) applies if [F2the property rental business condition (see section 561(3A))] is not met in the case of a UK REIT throughout an accounting period of—
(a)in the case of a group UK REIT, the principal company of the group, and
(b)in the case of a company UK REIT, the company.
(2)The breach is to be ignored.
Textual Amendments
F1Words in s. 563 heading substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 4 para. 3(4)(a)
F2Words in s. 563(1) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 4 para. 3(4)(b)