Commentary

D7.410 Long-term business fixed capital

Corporate tax
Corporate tax | Commentary

D7.410 Long-term business fixed capital

Corporate tax | Commentary

D7.410 Long-term business fixed capital

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.

The move to the Solvency II regulatory regime (on 1 January 2016) saw the end of the distinction between the shareholders' fund and the long-term fund except in relation to with-profits funds. As the implementation date for Solvency II was been postponed, the tax regime pre-empted the regulatory change by introducing the concept of long-term business fixed capital. The policy objective is to effectively remove the investment return from

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