SCHEDULES
SCHEDULE 4Real estate investment trusts
8Being a UK REIT: conditions for company - close companies
1
Section 562 (breach of conditions C and D in section 528) is amended as follows.
2
In the heading for “conditions C and D” substitute “condition C”.
3
In subsection (1) for the words from “or D” to “conditions)” substitute “in section 528”.
4
In subsection (2)—
a
for “both conditions C and D are” substitute “condition C is”, and
b
for “breaches are” substitute “breach is”.
5
Omit subsections (3) and (4).
6
In subsection (5)—
a
in paragraph (a) for “either condition C or D” substitute “condition C”, and
b
in paragraph (b) omit “or (3)”.