Paragraph 73

England, Wales and Scotland

A company shall be treated as an investment company for the purposes of this Part of this Schedule in relation to any financial year of the company if—

(a)

during the whole of that year it was an investment company as defined by section 266 of this Act, and

(b)

it was not at any time during that year prohibited under section 265(4) of this Act (no distribution where capital profits have been distributed, etc.) from making a distribution by virtue of that section.

Notes on Schedule 4

Textual amendments

F1: Sch. 4 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)