Section 524 | Notice for a company to become a UK REIT

(1)A company becomes a company UK REIT if it gives a notice under this section.

(2)A notice under this section is a notice specifying a date from which the company is to be a UK REIT.

(3)A company may only give a notice under this section if—

(a)it is a UK company, and

(b)section 236 of FISMA 2000 (open-ended investment companies) does not apply to it.

(4)If a company gives a notice under this section, the company is a UK REIT from the date specified in the notice.

(5)In this Part “company UK REIT” means a company which has given a notice under this section.

(6)This section is subject to section 527(3) (requirements to be a company UK REIT).