Investment management

The Investment management page becomes active if Investment management is selected at Business Activities. The page has three tabs:

Commencement date This is populated from the information entered at Business Activities. The date can be amended here, and any such amendment will adjust the commencement date at Business Activities.
Cessation date This is populated from information entered at Business Activities. The date can be amended here, and any such amendment will adjust the cessation date for the property business at Business activities.
Profit (loss) on ordinary activities before taxation This figure is that amount of the company’s profit or loss allocated to Investment management at Profit and loss. It can only be amended from Profit and loss.
Prior year adjustment allowable Use this box to enter any adjustment to the current period's figure required as a consequence of an adjustment for an earlier period.
Adjustments from P&L This figure shows the Profit and loss adjustments allocated to the Investment management activity. Click on the figure to open the calculation of the amount. You can only amend this figure by adjusting the allocation on Profit and loss.
Other adjustments Enter here any adjustments not included at Profit and loss. Click on the figure to open Other adjustment detail and click Add to enter the description and amount of any required adjustment.
Adjusted profit/(loss) This is the Profit/(loss) on ordinary activities before taxation figure, adjusted for any Prior year adjustment allowable, Adjustments from P&L, and Other adjustments.
Add/deduct period specific adjustments Click the figure for an analysis of any period-specific adjustments.
Management expenses before capital allowances Shows the management expenses after any period-specific adjustments.
Net (capital allowances)/charges Shows the total figure from Capital Allowances.
Balancing charges treated as miscellaneous income and gains

Shows the amount in Net (capital allowances)/charges if it is Net charges. The amount will be shown as Income treated as miscellaneous income and gains at Miscellaneous income and gains summary.
Income treated as miscellaneous income and gains Use this box to enter the amount of income treated as miscellaneous income and gains. You will need to use this box to ensure Total management expenses is not a positive amount. The amount entered will be shown as Income treated as miscellaneous income and gains at Miscellaneous income and gains summary.
Total management expenses This is the total amount of management expenses for the period for which relief is available at Losses.

Capital allowances

Summarises the capital allowances claims in respect of those assets identified on Fixed asset register as relating to the Investment management activity.

With the exception of claims in respect of certain cars, no figures are entered on this tab. You should instead make all capital allowance claims from the Fixed asset register. Select the relevant linked amount on the Capital allowances tab to go to that capital allowances page where you can amend AIA claims or disclaim WDAs and/or FYAs. Any capital allowances details entered in the Fixed asset register which relate to the Investment management activity and changes made in each capital allowances page will be reflected in the Capital allowances tab.

Losses

Losses this period

Use this tab to identify any management expenses which have been:

  • relieved in this period - capital allowances
  • relieved in this period
  • surrendered as group relief.
Note:

To enter losses in Group relief surrendered, there must be at least one associated company (or one 51% group company during periods between 1 April 2015 and 31 March 2023) excluding this company entered at Return information.

Losses b/f

Use this tab to identify any management expenses:

  • brought forward
  • foregone or no longer available
  • relieved in this period
  • surrendered as group relief
  • surplus qualifying charitable donations and any surrendered as group relief
  • transferred on cessation of UK property business
  • extinguished on cessation

You must also analyse the Subtotal at Losses brought forward and Total Loss c/f at Losses carried forward between those arising before 1 April 2017 and those arising after 31 March 2017.

Note:

To enter losses in Group relief surrendered or Less: Qualifying charitable donations surrendered as group relief, there must be at least one associated company (or one 51% group company during periods between 1 April 2015 and 31 March 2023) excluding this company entered at Return information.