Public Bill Committee: Finance Bill: Clause 44 - Condition for company to be an “investment trust” (6 Jun 2013)

David Gauke: Clause 44 removes an unintended consequence of changes to the tax rules for investment trusts introduced in the Finance Act 2011. The clause supports the Government’s objective of improving the UK tax system and ensuring that the UK remains a competitive location for investment companies. Again, I will provide a bit of background to the clause. Investment trust companies are...