The Real Estate Investment Trusts (Breach of Conditions) Regulations 2006

1. Introductory Text

2. 1. Citation, commencement and interpretation

3. Breach of conditions in section 106

   1. 2. Breach of conditions for company — take-overs

   2. 3. Breach of condition for company — actions of others

   3. 4. Breach of condition for company — other

4. Breach of conditions in section 107

   1. 5. Breach of requirements as to properties

   2. 6. Breach of distribution condition

5. Breach of conditions in section 108

   1. 7. Breach of balance of business conditions

6. General provisions about breaches under sections 106 to 108

   1. 8. Multiple breaches of separate conditions

   2. 9. Breach of condition — information requirements

7. Breach of section 114: maximum shareholding

   1. 10. Distribution to a person with more than the maximum shareholding: charge to tax

   2. 11. Distribution to holder of excessive rights: information

8. Breach of section 115(2) — profit: financing costs ratio

   1. 12. Charge to tax where profit: financing-cost ratio less than 1.25 – Real Estate Investment Trusts which are not Group Real Estate Investment Trusts

   2. 13. Charge to tax where profit: financing-cost ratio – Group Real Estate Investment Trusts

9. Termination by notice after service of notices cancelling tax advantage

   1. 14. Termination by notice – specified number of section 117 notices

10. Signature

11. Explanatory Note