Family Investment Companies

When setting up a Family Investment Company, can: A. Are the Family Investment Company set up costs an allowable expense in the trading company that is linked to the Family Investment Company? ie the set up costs can maybe be classified as Professional fees? B. Are the ongoing maintenance costs of the Family Investment Company also an allowable expense in the trading company?

Hi

This is a complex area.  Please refer to guidance available on our website at  
BIM46435 - Specific deductions: professional fees: capital structure of business
CTM08260 - Corporation Tax: management expenses: capital exclusion - acquisitions and disposals - periods from 1 April 2004 and
BIM46405 - Specific deductions: professional fees: general principles
You may wish to seek advice from a professional accountant.
If, having fully reviewed the guidance you haven’t been able to find the information you need or you are genuinely uncertain about how the legislation applies, you may consider making an application to the Non-Statutory Clearance Service. Guidance on this can also be found on our website at Find out about the Non-Statutory Clearance Service. 

Thank you