493 The qualifying investments test
Corporation Tax Act 2009 (2009 c 4) | Legislation

The qualifying investments test

493  The qualifying investments test

(1)     An open-ended investment company, a unit trust scheme or an offshore fund meets the qualifying investments test for the purposes of this Chapter if the market value of the qualifying investments of the company, scheme or fund does not exceed 60% of the market value of all its investments.

(2)     References in this section and sections 494 and 495 to investments of

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