Section 600 — Corporation Tax Act 2010: Power to make regulations about cases involving related persons

Power to make regulations about cases involving related persons 600 1 If they consider it expedient in the public interest the Treasury may make regulations about the application of this Part to activities or situations which involve, or arise in connection with, a relationship between a REIT company and another person.

2 In subsection (1) “ REIT company ” means—

a a company UK REIT, or b a company which is a member of a group UK REIT.

3 The regulations may, in particular—

a treat a specified person, or a person in specified circumstances, as forming part of a group UK REIT for specified purposes;

b provide for a specified provision which applies in respect of a members of a group UK REIT also to apply, with or without modifications, in respect of a specified person or a person in specified circumstances.

4 Regulations under this section may make provision in relation to accounting periods ending on or after the date on which the regulations are made.

5 No regulations may be made under this section unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of the House of Commons.