I have set up a limited company in which I have incurred costs for dead property deals (SIC code 68100 & 68209). I understand I should have set up a holding company with subsidiaries being used to purchase assets within the subs (separated by investing and trading assets). I have not yet purchased any property.
Is it possible to set up my current company as the holding company and have subsidiaries below this? Would I need to change the SIC code of the existing company?
Also, would I still get the tax benefits of having a single parent plus subsidiaries even though the current entity was not initially set out in this way?
Thank you for your help in advance.