Part 12 U.K. Real Estate Investment Trusts

Chapter 9 U.K. Leaving the UK REIT regime

Notice to leave regime U.K.

571 Termination by notice: group or company U.K.

(1) Subsection (2) applies if—

(a) the principal company of a group UK REIT, or

(b) a company UK REIT,

gives a notice specifying a date at the end of which the group or company is to cease to be a UK REIT.

(2) The group or company ceases to be a UK REIT at the end of that date.

(3) A notice under subsection (1) must be given in writing to an officer of Revenue and Customs.

(4) The date specified in a notice under subsection (1) must be after the date on which the officer receives the notice.