Commentary

D2.416A Pre-entry loss—Insurance companies

Corporate tax
Corporate tax | Commentary

D2.416A Pre-entry loss—Insurance companies

Corporate tax | Commentary

D2.416A Pre-entry loss—Insurance companies

The rules in this article apply only where the loss buying rules (D2.402–D2.406) do not apply. As a result, for accounting periods ending after 4 December 2005, the following provisions will normally only apply in cases where there is no arrangement for avoiding tax, eg on a merger or takeover.

Where, at the end of an accounting period, the assets held by an insurance company for the purposes of its long term business (for accounting periods beginning before 1 January 2013, held in its long term business fund) include the following, the company is, subject to certain

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