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

Extent: E+W+S+N.I.

(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.
(3) For the purposes of this Part an “investment transaction” is an investment transaction specified by regulation 2 of the Investment Transactions (Tax) Regulations 2014.

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Source: https://www.legislation.gov.uk/uksi/2011/2999/regulation/32 (the official version)
Page: https://openlegislation.uk/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.