Companies with investment business

By Tolley
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The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Companies with investment business
  • Outline

Outline

A ‘company with investment business’ is, as the name suggests, a company whose business consists wholly or partly of making investments (see CTA 2009, s 1218B). The rules on relief for management expenses for a company’s investment business are contained in CTA 2009, Part 16.

The deduction of management expenses against a company’s investment business income is provided for in CTA 2009, s 1219. Effectively, management expenses are allowed, provided that they actually re

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