VCM49150 - VC loss relief: companies: investment companies

ICTA88/S576 (5)

An investment company for the purposes of ICTA88/S573 - S576 has the meaning given by ICTA88/S130 (see CTM08020), except that, for the purpose of claims under ICTA88/S573, it does not include:

• the holding company of a trading group, see VCM45550,
• authorised unit trusts or approved investment trusts whose gains are not chargeable gains, see CG41331.

The same meaning is given to investment company for identifying companies that may be able to claim relief under ICTA88/S573 (see VCM49100) and for testing whether the company invested in counts as a qualifying trading company (see VCM45350 and VCM45600).