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(ii) complies with the conditions in section 705B(1)(a),

(b) the group complies with the conditions in section 705B(1)(b),

(b) complies with the conditions in section 705B(1),

Subject to subsections (2) and (3) of section 705B, where a notice has been given under section 705E by—

(b) a principal company in respect of a group, the conditions in section 705B(1)(a) must continue to be met by that principal company for each accounting period following the specified accounting period until a notice has been issued in accordance with section 705O, and

(c) a principal company in respect of a group, the conditions in section 705B(1)(b) must continue to be met by that group for each accounting period following the specified accounting period until a notice has been issued in accordance with section 705O.

(ii) containing a statement that each of the conditions in paragraph (b) of section 705B(1) in relation to the group REIT is reasonably expected to be met at the end of the accounting period in which the principal company gives the amended notice.

(b) from which the company or group, as the case may be, meets, or is regarded as having met, the conditions of section 705B.

then any amount not so invested or distributed shall, for the purposes of applying the condition specified in section 705B(1)(b)(vi) and for the purposes of section 705N(a), be treated as property income of the REIT or group REIT arising in the accounting period in which the first mentioned period expires or the specified date falls.

(a) is beneficially entitled, directly or indirectly, to at least 10 per cent of the distribution referred to in section 705B(1)(b)(iv) section 705B(1)(b)(vi),

Where for an accounting period a REIT or group REIT does not comply with the provisions of section 705B(1)(b)(iv) section 705B(1)(b)(vi) in respect of the requirement to distribute at least 85 per cent of its property income—