Corporation Tax Act 2010 section 566

Breach of condition B in section 531 in accounting period 1

Section 566 deals with what happens when a UK REIT fails to meet the balance of business assets test during its first accounting period as a REIT, and provides that the breach may be ignored in certain circumstances.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.