GREIT11210 – Groups: entry to the regime: notice to join

If the principal company of a group decides it wants the group to join the regime, it must provide a notice to HM Revenue & Customs specifying the accounting period from the beginning of which it wants the Real Estate Investment Trust legislation to apply (section 109(1) FA 2006). If the relevant conditions are met, the regime will apply to the group from the first day of the accounting period specified in the notice (and not on the day the notice is given).

For more detail on where to send notices, the conditions to meet for giving notice and other information relating to giving notice, see GREIT03010. The Company Conditions in the context of a Group REIT are the same as those that apply to a single company joining the regime GREIT02010 and GREIT02015.

Where a company joins a group after the notice comes into effect, there is no requirement to give a separate notice in respect of that company , nor to give a fresh notice in respect of the expanded group.