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.