{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-561",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-561.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/561",
  "kind": "section",
  "number": "561",
  "heading": "Notice of breach of relevant Chapter 2 condition",
  "text": "(1) The principal company of a group UK REIT must notify an officer of Revenue and Customs as soon as reasonably practicable if a relevant Chapter 2 condition ceases to be met in relation to the principal company or (as the case may be) the group.\n(2) A company UK REIT must notify an officer of Revenue and Customs as soon as is reasonably practicable if a relevant Chapter 2 condition ceases to be met in relation to the company.\n(3) Each of the following is a “relevant Chapter 2 condition”—\nconditions C and D in section 528 (conditions for company),\nthe condition in section 528A (further condition relating to shares),\nthe property rental business condition,\nthe condition in section 530 (distribution of profits), and\nconditions A and B in section 531 (balance of business).\n(3A) For the purposes of this section, and sections 563 and 575, the “property rental business condition” is met if either conditions A and B or condition C in section 529 (property rental business) are met.\n(4) A notification under subsection (1) or (2) must include—\n(a) the date on which the condition first ceased to be met and the date (if any) on which it was met again,\n(b) a description of the breach, and\n(c) details of the steps (if any) taken by the company to prevent a recurrence of the breach.\n(5) The following subsections apply in relation to condition D in section 528.\n(6) In accordance with section 527(6) and (7), a notification does not have to be given under subsection (1) or (2) if condition D ceases to be met during the first 3-year period.\n(7) If condition D is not met at the start of the first day after the end of the first 3-year period, for the purposes of subsections (1) to (4) condition D is treated as having ceased to be met at the start of that day.\n(8) In subsections (6) and (7) “the first 3-year period” has the meaning given by section 527(8).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 561(3) inserted (with effect in accordance with Sch. 4 para. 21 of the amending Act) by Finance Act 2012 (c. 14), Sch. 4 para. 17"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 561(3) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 4 para. 3(3)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 561(3A) inserted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 4 para. 3(3)(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 561(5)-(8) inserted (with effect in accordance with Sch. 4 para. 13(2) of the amending Act) by Finance Act 2012 (c. 14), Sch. 4 para. 7"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/561",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}