Related Commentary  Related HMRC Manuals

1239(1)  Sections 1240 to 1242 apply if–

(a)a company with investment business (“the employer”) makes a redundancy payment or an approved contractual payment to another person (“the employee”),

(b)the payment is in respect of the employee's employment wholly in the employer's investment business or partly in the employer's investment business and partly in one or more other capacities, and

(c)expenses of management of the business are deductible under section 1219.

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