Section 45 | Condition 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.