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I am Sam and I am one of the UK tax experts here on Just Answer -
Can you advsie further re the franked investment income and sale of shares, whether this is an individual with their tax affairs or a company -
I can then see if I can assist.
I shall opt out as Limited companies are not my remit - but another expert should pick your question up soon - who will be able to assist
Hello Gavin. I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Part 1. Franked Investment Income comes to the company tax free and although it forms part of the profits of the company is not included in the Corporation Tax (CT) computation.
Part 2. Shares held by the company are merely quoted as a different class of assets in the balance sheet, usually in two forms depending on whether the investments are likely to be held in the short or in the long term. Any profit or loss made on the sale of shares throughout the year are posted to the profit and loss account.
I do hope that you have found my reply of assistance.
Thank you for your support.