½Û×ÓÊÓƵ

Home / Simons-Taxes /Business tax /Part B2 How are trade profits and losses calculated? /Division B2.4 Trading expenses—specific items /Which expenses may be deductible? / B2.416 Companies—payments to subsidiaries and other companies
Commentary

B2.416 Companies—payments to subsidiaries and other companies


Business tax

With regard to general administration expenses of a company, see BIM42510.

Deductible inter-company expenses

The following have been held to be deductible:

  1. Ìý

    •ÌýÌýÌýÌý a sum paid to the promoters of an exhibition in pursuance of a guarantee, and with a view to obtaining a contract, even though no contract was obtained1

  2. Ìý

    •ÌýÌýÌýÌý a sum paid to another company under an agreement to manage that company's business,

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 16:39