Introduction Overview Chapter 7: Gains etc Section 559: Demergers: company leaving group UK REIT
1763.This section makes provision for a company to cease to be a member of a group UK REIT but to continue within the UK REIT regime. It is based on paragraph 34 of Schedule 17 to FA 2006.
1764.Subsection (9) makes clear that the conditions in the section are to be met by the company giving the notice (not necessarily the exiting company).