152 Qualifying companies.U.K.
(1)Subject to the following provisions of this section, any company is a qualifying company.
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Where a unit trust scheme is an authorised unit trust as respects an accounting period the trustees (who are deemed to be a company for certain purposes by section 468(1) of the Taxes Act 1988) are not a qualifying company as regards that period.
(4)A company which is approved for the purposes of section 842 of the Taxes Act 1988 (investment trusts) for an accounting period is not a qualifying company as regards that period.
(5)In this section —
“unit trust scheme” has the same meaning as in section 469 of the Taxes Act 1988;
“authorised unit trust” has the same meaning as in section 468 of that Act.
Textual Amendments
F1S. 152(2) repealed (29.4.1996 with effect in accordance with the provisions of Chapter II of Pt. IV of the repealing Act) by 1996 c. 8, s. 205, Sch. 41 Pt. V(3)
Modifications etc. (not altering text)
C1S. 152 modified (28.4.1997) by S.I. 1997/1154, reg. 17