Corporation Tax Act 2010 section 571

Termination by notice: group or company

Section 571 allows the principal company of a UK REIT group, or a standalone UK REIT company, to voluntarily end its UK REIT status by giving written notice to HMRC.

• The principal company of a group UK REIT or a standalone company UK REIT may choose to exit the UK REIT regime by issuing a termination notice.
• The notice must specify a date on which REIT status will cease, and the group or company stops being a UK REIT at the end of that specified date.
• The notice must be given in writing to an officer of Revenue and Customs.
• The specified cessation date must fall after the date on which the HMRC officer actually receives the notice — it cannot be backdated or take effect on the same day.