- Gresham House's application for investment trust status for the year ended 31 December 2012 has bee rejected by HM Revenue & Customs.

The company says it intends to appeal against the decision immediately.

It says that if the HMRC decision is upheld, it is not anticipated that the company will have any liability to corporation tax or capital gains tax for the 2012 financial year.

The company will be submitting an application in January for approval as an investment trust for the year ended 31 December 2013.

At 1:12pm: [LON:GHE] Gresham House Plc share price was -2.5p at 311p

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