Giving of allowances: managing investments of company with investment business
This section has no associated Explanatory Memorandum
54.—(1) Section 253 of the Capital Allowances Act 2001 (investment companies) is amended as follows.
(2) In subsection (1) (section applies if qualifying activity is management of an investment company) for “the management of an investment company” substitute “managing the investment business”.
(3) The side note to the section, and the italic heading preceding it, accordingly each become “Companies with investment business”.