{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-562C",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-562C.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/562C",
  "kind": "section",
  "number": "562C",
  "heading": "Breach of further condition relating to shares in accounting periods 1, 2 and 3",
  "text": "(1) Subsection (2) applies if the condition in section 528A, as relaxed by section 528B, is not met in relation to accounting period 1, accounting period 2 and accounting period 3.\n(2) The group or company (as the case may be) is to be treated as having ceased to be a UK REIT at the end of accounting period 2.\n(3) But subsection (2) does not apply if the condition, as relaxed, is not met as a result of—\n(a) the principal company of a group UK REIT becoming a member of another group UK REIT, or\n(b) a company UK REIT becoming a member of a group UK REIT,\nand, accordingly, the breach is to be ignored.\n(4) In this section “accounting period 2” and “accounting period 3” have the same meaning as in section 528B.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 562B 562C inserted (with effect in accordance with Sch. 4 para. 21 of the amending Act) by Finance Act 2012 (c. 14), Sch. 4 para. 18"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/562C",
    "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."
}