Section 578 — Corporation Tax Act 2010: Automatic termination for breach of certain conditions in section 528

Automatic termination for breach of certain conditions in section 528 578 1 Subsection (2) applies if condition A, B, E or F in section 528 (conditions for company) is not met in relation to an accounting period.

2 The group or (as the case may be) the company is to be taken to have ceased to be a UK REIT at the end of the previous accounting period.

3 The company which gave a notice under section 523 or 524 must notify an officer of Revenue and Customs as soon as is reasonably practicable if condition A, B, E or F in section 528 ceases to be met in relation to the company.