Part 16Companies with investment business
Chapter 1Introduction
F21217Overview of Part
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F11218“Company with investment business” and “investment business”
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F21218AOverview of Part
1
This Part contains special rules for companies with investment business.
2
Chapters 2 and 3 provide relief for certain expenses of a company with investment business that are not relieved elsewhere.
3
Chapter 4 contains some restrictions on the relief.
4
There are provisions imposing liability to corporation tax in—
a
section 1229 (claw back of relief), and
b
Chapter 5 (companies with investment business: receipts).
F11218BOverview of Part
1
In this Part “company with investment business” means a company whose business consists wholly or partly of making investments.
2
But a credit union is not a company with investment business for the purposes of this Part.
3
References in this Part to a company's investment business are to be construed in accordance with section 1219(2). But this subsection does not affect the interpretation of the expression “company with investment business”.