23rd Jan 2014 12:52
LONDON (Alliance News) - Gresham House PLC Thursday said it has withdrawn an appeal over its investment trust status in 2012 after HM Revenue and Customs accepted its application for approval as an investment trust for accounting periods on and after January 1 2013.
Its application to be classified as an investment trust for the year ended December 31 2012 had been rejected by HM Revenue and Customs in early December, and Gresham House had been ready to appeal.
"As previously announced however, it is not anticipated that the company will have any liability to corporation tax or capital gains tax for the financial year ending December 31, 2012," Gresham House said in a statement.
Shares in Gresham House were down 1.4% at 314.21 pence Thursday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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