# Corporation Tax Act 2010, Paragraph 683


In section 1219 (expenses of management of a company's investment business) for subsection (1) substitute—
“(1) In calculating the corporation tax to which a company with investment business is liable for an accounting period, expenses of management of the company's investment business which are referable to that period are allowed as a deduction from the company's total profits.
(1A) A deduction under subsection (1) is to be made before any other deduction at Step 2 in section 4(2) of CTA 2010 (deductions from total profits).”

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/683 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-683
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.