# The Real Estate Investment Trusts (Prescribed Arrangements) Regulations 2009, Regulation 3: Situations in which these Regulations apply


(1) These Regulations apply if conditions A and B are satisfied.
(2) Condition A is that an amount (“the specified amount”)—
(a) falls to be taken into account as part of a REIT company’s tax exempt or residual business, or
(b) ceases to be taken into account as part of such business.
(3) For the purposes of condition A, the specified amount may be taken into account (or may cease to be taken into account) as a liability, an expense, an asset or income.
(4) Condition B is that the specified amount arises directly or indirectly from, or in consequence of, or otherwise in connection with, prescribed arrangements.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111487365/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-real-estate-investment-trusts-prescribed-arrangements-regulations-2009/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.