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Legislation
Corporation Tax Act 2010

Crossheading Introduction

  • Section 583 Overview of Chapter
  • Section 584 Meaning of “joint venture company” and “joint venture group”
  • Section 585 Meaning of “venturing group” and “venturing company”
  1. Introduction
  2. Overview of Chapter

Section 583 | Overview of Chapter

From legislation.gov.uk

(1)This Chapter makes provision about how this Part applies in relation to property rental business carried on—

(a)by a joint venture company (as defined by section 584), or

(b)by one or more members of a joint venture group (as defined by that section).

(2)Sections 586 and 587 are about the notice required for this Part to apply in relation to the property rental business; it is the giving of the notice that makes a group UK REIT or company UK REIT a venturing group or venturing company (see section 585).

(3)Sections 588 to 590 contain provision about the effect of the notice and its duration.

(4)The remainder of the Chapter contains—

(a)specific modifications and other provision relevant to the application of this Part (see sections 591 to 594),

(b)Repealed

(c)provision about the interpretation of this Chapter (see section 598).

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