[F1PART 4AU.K.PROPERTY AIFS

CHAPTER 2U.K.ENTRY INTO AND MEMBERSHIP OF THE PROPERTY AIF REGIME

The property investment business conditionU.K.

Meaning of “property investment business”U.K.

69F.(1) In this Part “property investment business” means business consisting of any one or more of—

(a)property rental business (see regulation 69H);

(b)owning shares in UK-REITs; and

(c)owning shares or units in an entity [F2within section 528(4A)(j) of CTA 2010 (overseas equivalent to UK REIT)].

(2) In these Regulations “UK-REIT[F3has the meaning given in section 518(4) of CTA 2010].

F4(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8) This regulation is subject to the further provisions in regulation 69G.]