PART 1Income Tax, Corporation Tax and Capital Gains Tax
CHAPTER 3Corporation tax: general
Other provisions
45Condition for company to be an “investment trust”
(1)
In section 1158(2) of CTA 2010 (condition A for a company to be an “investment trust”), for “the business of the company consists of” substitute “all, or substantially all, of the business of the company is”.
(2)
The amendment made by this section has effect in relation to accounting periods beginning on or after 1 January 2012.