{
  "url": "https://openlegislation.uk/real-estate-investment-trusts-joint-venture-groups-regulations-2007/regulation-8",
  "json_url": "https://openlegislation.uk/real-estate-investment-trusts-joint-venture-groups-regulations-2007/regulation-8.json",
  "legislation": "uksi/2007/3425",
  "legislation_title": "The Real Estate Investment Trusts (Joint Venture Groups) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/real-estate-investment-trusts-joint-venture-groups-regulations-2007",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "Joint venture group: conditions for balance of business",
  "text": "(1) This regulation applies where a joint venture group look through notice has been given under regulation 5 in respect of a joint venture group.\n(2) The joint venture group, taken as a whole, must satisfy Condition 1 in section 108 (conditions for balance of business), as modified by paragraph 7 of Schedule 17—\n(a) in the accounting period specified in the joint venture group look through notice, and\n(b) in each subsequent accounting period.\n(3) The joint venture group, taken as a whole, must satisfy Condition 2 in section 108 (conditions for balance of business), as modified by paragraph 7 of Schedule 17—\n(a) at the beginning of the accounting period specified in the joint venture group look through notice, and\n(b) at the beginning of each subsequent accounting period.\n(4) For the purposes of this regulation—\n(a) references in section 108 and in paragraph 7 of Schedule 17 to tax-exempt business shall be treated as references to the UK business of the joint venture group,\n(b) references in section 108 to the company shall be treated as references to the joint venture group,\n(c) references in paragraph 7 of Schedule 17 to G (property rental business) shall be treated as references to JVG (property rental business), and\n(d) references in paragraph 7 of Schedule 17 to G (residual) shall be treated as references to JVG (residual).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 108 was amended by paragraph 4 of Schedule 17 to the Finance Act 2007."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/3425/regulation/8",
    "retrieved_at": "2026-10-29T03:40:14.965379+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."
}