Commentary

D1.520 Availability of relief

Corporate tax
Corporate tax | Commentary

D1.520 Availability of relief

Corporate tax | Commentary

Life assurance business

D1.520 Availability of relief

Special provision is made for life insurance companies, because the way they are taxed differs from the way most other companies are taxed. The taxation of life insurance companies was revised for accounting periods beginning on or after 1 January 2013 with transitional provisions applying for accounting periods straddling that date. For the general rules applying before 1 January 2013 see Division D7.5; for the rules applying after that date see Division D7.4.

Accounting periods beginning before 1 January 2013

Where profits arising to an insurance company from life assurance business are computed

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