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Legislation
Corporation Tax Act 2010

Crossheading Notice to leave regime

  • Section 571 Termination by notice: group or company
  • Section 572 Termination by notice: officer of Revenue and Customs
  • Section 573 Notice under section 572: tax advantage
  • Section 573A Notice under section 572: condition D in section 528 not met
  • Section 573B Notice under section 572: further condition relating to shares not met
  • Section 574 Notice under section 572: serious breach
  • Section 575 Notice under section 572: breach of conditions as to property rental business
  • Section 576 Notice under section 572: breach of conditions as to balance of business
  • Section 577 Notice under section 572: multiple breaches of conditions in Chapter 2
  1. Notice to leave regime
  2. Notice under section 572: tax advantage

Section 573 | Notice under section 572: tax advantage

From legislation.gov.uk

(1)An officer of Revenue and Customs may give a notice under section 572(1) if the condition in this section is met.

(2)The condition is met in the case of a group UK REIT if, during the relevant 10-year period, two notices have been given under section 545 (cancellation of tax advantage) to members of the group.

(3)The condition is met in the case of a company UK REIT if, during the relevant 10-year period, two notices have been given under section 545 to the company.

(4)“The relevant 10-year period” is the period of 10 years beginning with the day on which the first notice was given under section 545.

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