Related Commentary  Related HMRC Manuals

1237(1)  This section applies if–

(a)a company with investment business (“the employer”) incurs counselling expenses,

(b)the expenses are incurred in relation to a person (“the employee”) who holds or has held an office or employment under the employer, and

(c)the relevant conditions are met.

1237(2)  The expenses are treated for the purposes of Chapter 2 as expenses of management.

1237(3)  In this section “counselling expenses” means expenses incurred–

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