Corporation Tax Act 2010 section 582

Early exit

Section 582 deals with the consequences when a group or company loses its UK REIT status within ten years of joining the regime, due to termination by HMRC or automatic termination for breach of conditions, and sets out the powers HMRC has to make directions affecting the tax treatment of that group or company.

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.