Introduction Overview Chapter 11: Part 12: supplementary Section 600: Power to make regulations about cases involving related persons
1890.This section allows the Treasury, by order, to treat persons as forming part of a group REIT. It is based on section 136A of FA 2006.
1891.An order under this section is intended to counteract arrangements by which a company with non-qualifying activities is artificially excluded from a group of companies with the result that the balance of business tests are satisfied.
1892.In subsection (2) “REIT company” is defined, for the purpose of subsection (1) only, to include the members of a group UK REIT. In this respect it differs from the definitions in section 518(4).
1893.Subsection (5) ensures that this section is an exception to the general rule about orders and regulations in section 1171(4).