Market leading insight for tax experts
View online issue

Investment fees on potential stock exchange listing

© Copyright LexisNexis 2024. All rights reserved.
24 June 2015
Card image Keith Gregory

Keith Gregory (NGM Tax Law) answers a query on whether investment fees on a potential stock exchange listing are tax deductible.

Question

Our client is an investment company which incurred significant fees in connection with a potential listing on a recognised stock exchange. However the listing did not proceed on account of a lack of investor appetite. The main reason for the listing was to provide an exit for some of the founder shareholders. Are any of those fees deductible for tax purposes?
 

Answer

 
The rules providing for tax relief in respect of management expenses were substantially amended in 2004. The main changes were not only designed to extend the relief to a wider range of companies but...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
NEWSRSS Read all
CASESRSS Read all
M R Currell Ltd v HMRC
25 July 2023
300 x 250 (MPU)
IN BRIEFRSS Read all
MOST READ Read all
Copyright © 2023 LexisNexis
Top