Corporation Tax: management expenses: administrative costs
Any reasonable expenses which an investment company (or a ‘company with investment business’ for periods starting on or after 1 April 2004) incurs year by year on such matters as:
- the keeping of its share register,
- the printing of annual accounts, and
- the holding of shareholders’ annual general meetings,
should be regarded as expenses of management. This will also apply to the annual cost, but not the initial charges, of a Stock Exchange quotation.
There is further guidance on administration costs at BIM42500 onwards.