Section 568 | Breach of balance of business conditions after accounting period 1

(1)If—

(a)condition A in section 531 (balance of business: profits) is not met in relation to an accounting period other than accounting period 1, but

(b)the profits of property rental business of the UK REIT in question are at least 50% of its aggregate profits for the period,

the breach is to be ignored.

(2)If—

(a)condition B in section 531 (balance of business: assets) is not met in relation to an accounting period other than accounting period 1, but

(b)the sum of the values mentioned in section 531(5)(a) and (b) is at least 50% of the total value of assets held by the UK REIT,

the breach is to be ignored.

(3)Subsections (1) and (2) are to be read in accordance with section 531.