Corporation Tax Act 2010 (c. 4)

Schedules

SCHEDULE 1 Minor and consequential amendments

Part 2 Other enactments

Income Tax Act 2007

498 (1) Amend section 151 (interpretation of Chapter) as follows.

(2) In subsection (1) for the definition of “investment company” substitute—

• ““investment company” means a company—

  (a)

  whose business consists wholly or mainly in the making of investments, and

  (b)

  which derives the principal part of its income from the making of investments,

  but does not include the holding company of a trading group,”.

(3) In subsection (4) for “that definition” substitute “the definition of shares in subsection (1)”.