SCHEDULES

Schedule 28AChange in ownership of company with investment business: deductions

Part II Amounts in issue for purposes of section 768B

6

The amounts in issue referred to in section 768B(4)(c) are—

(a)

F1the amount of any expenses of management referable to the accounting period (F2within the meaning of Chapter 2 of Part 16 of CTA 2009) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than F3under section 1219 of CTA 2009 (expenses of management of a company's investment business);

(b)

the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;

(c)

the amount of any excess carried forward under F4section 1223 of CTA 2009 (expenses of management carried forward) to the accounting period being divided;

(d)

the amount of any allowances falling to be made for that accounting period by virtue of F5section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of F6section 1233 of CTA 2009 (excess capital allowances);

F7(da)

the amount (if any) of the adjusted F8non-trading profits or non-trading deficit of the company for that accounting period F9(other than one within sub-paragraph (dc) below) ;

(db)

the amount of any non-trading debit (other than one within sub-paragraph F10. . . (dd) below) that falls to be brought into account for that accounting period for the purposes of F11Part 5 of CTA 2009 (loan relationships) in respect of any debtor relationship of the company;

(dc)

the amount of any non-trading F12deficit carried forward to that accounting period underF13section 457(1) of CTA 2009 (carried forward deficit not set off against profits);

(dd)

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F15(de)

the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under F16section 751 of CTA 2009;

(df)

the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under F17section 753(3) of CTA 2009;

(e)

any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.