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.