# The Investment Trust (Approved Company) (Tax) Regulations 2011, Regulation 32: Treatment of transactions carried out by investment trusts


(1) This regulation applies if an investment trust carries out an investment transaction in an accounting period.
(2) The investment transaction is treated as a transaction entered into otherwise than in the course of a trade for the purposes of the Corporation Tax Acts.

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111516683/regulation/32 (the official version)
Page: https://openlegislation.uk/draft-investment-trust-approved-company-tax-regulations-2011/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.