Division D7.3 Companies with investment business, investment companies and investment trusts

Commentary

D7.330 What is an investment dealing company?

Corporate tax
Corporate tax | Commentary

D7.330 What is an investment dealing company?

Corporate tax | Commentary

Investment dealing companies

D7.330 What is an investment dealing company?

An investment dealing company, often called a finance company, is engaged in buying and selling investments for a profit. Investments include shares, securities, financial futures and options and traded options.

Profits and losses are computed in accordance with the rules for taxing trades, so that investments which are bought as a dealing transaction are trading stock and are valued individually at cost or market value, whichever is the lower1. The value of an investment is a question of fact in each particular case2.

In Gold Coast Selection Trust Ltd3, a company dealing in concessions disposed of

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