GREIT11305 – Groups: leaving the regime: companies leaving a Group REIT

When a company leaves a Group REIT, the consequences for the ex-member are the same as for a company that was a member of the group on the day the group leaves the regime. This is explained in more detail at GREIT11300. The deemed sale and reacquisition, cessation of business and accounting periods etc take place on the day the company ceases to be a 75%/ effective 51% subsidiary.