Capital Allowances Act 2001 section 270CD

Companies with investment business

Section 270CD defines what is meant by "managing the investments" of a company with investment business for the purposes of structures and buildings allowances.

• The section applies to companies with investment business that may claim structures and buildings allowances
• "Managing the investments" means carrying out activities whose costs would qualify as expenses of management for corporation tax purposes under section 1219 of CTA 2009
• "Company with investment business" takes its meaning from Part 16 of the Corporation Tax Act 2009 (section 1218B)
• This definition ensures consistency between the capital allowances rules and the corporation tax treatment of investment companies