The Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations, SI 2012/952, relax the conditions that a company has to meet in order to benefit from the distributions regime for investment companies. There are changes to enable revised corporation tax rules on investment trust companies to take full effect; to remove company law rules for which there is no longer any good policy justification; and to keep the Companies Act conditions in step with those set out in corporation tax legislation.
The Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations, SI 2012/952, relax the conditions that a company has to meet in order to benefit from the distributions regime for investment companies. There are changes to enable revised corporation tax rules on investment trust companies to take full effect; to remove company law rules for which there is no longer any good policy justification; and to keep the Companies Act conditions in step with those set out in corporation tax legislation.
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