Commentary

D7.409 Taxation of companies that write only permanent health insurance ('PHI')

Corporate tax
Corporate tax | Commentary

D7.409 Taxation of companies that write only permanent health insurance ('PHI')

Corporate tax | Commentary

D7.409 Taxation of companies that write only permanent health insurance ('PHI')

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

If a company writes PHI alone none of the rules in FA 2012, Pt 2 have any application and the business is taxed on normal trading principles1.

This is in contrast to companies that write PHI in conjunction with other non-BLAGAB business in which case the PHI profits are taxed as a component of the non-BLAGAB profits.

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