Section 563 | Breach of property rental business condition

(1)Subsection (2) applies if the property rental business condition (see section 561(3A)) is not met in the case of a UK REIT throughout an accounting period of—

(a)in the case of a group UK REIT, the principal company of the group, and

(b)in the case of a company UK REIT, the company.

(2)The breach is to be ignored.