Section 523 — Corporation Tax Act 2010: Notice for a group of companies to become a UK REIT

Notice for a group of companies to become a UK REIT 523 1 A group of companies becomes a group UK REIT if the principal company of the group gives a notice under this section.

2 A notice under this section is a notice specifying a date from which the group is to be a UK REIT.

3 The principal company of a group 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 the principal company of a group gives a notice under this section, the group is a UK REIT from the date specified in the notice.

5 In this Part “ group UK REIT ” means a group of companies the principal company of which has given a notice under this section.

6 This section is subject to section 527(2) (requirements to be a group UK REIT).