# The Investment Trust (Approved Company) (Tax) Regulations 2011, Regulation 18: Investment trust must not be a close company


(1) An investment trust must not be a close company at any time in an accounting period.
(2) See section 439 of CTA 2010 for the definition of “close company”.

---
Source: https://www.legislation.gov.uk/ukdsi/2011/9780111516683/regulation/18 (the official version)
Page: https://openlegislation.uk/draft-investment-trust-approved-company-tax-regulations-2011/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.