Commentary

D8.310 Qualifying investing companies—non-financial activities requirement

Corporate tax
Corporate tax | Commentary

D8.310 Qualifying investing companies—non-financial activities requirement

Corporate tax | Commentary

D8.310 Qualifying investing companies—non-financial activities requirement

In order for an investing company to be a qualifying investing company, there are requirements intended to ensure that the company's investments are not made as part of its financial business. The terms of the requirements depend on whether the investing company is a single company (that is, a company which is not a member of a group1), or is a member of a group.

In the case of a single investing company, the investing company must, disregarding any incidental purposes, exist wholly for the purpose of carrying on non-financial trade or trades throughout the qualification period2. The holding or managing of property that the company uses for any non-financial trade is

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