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HMRC internal manual

Company Taxation Manual

Investment trusts: conditions for approval: residence and close control

ICTA88/S842(1) and (1)(aa)

To be approved as an investment trust for an accounting period, the company must:

  • not be a close company (CTM60060); and
  • be resident in the United Kingdom (CG42000+),
  • for the whole of that accounting period.