Commentary

D7.4111 Assets of the shareholders' fund

Corporate tax
Corporate tax | Commentary

D7.4111 Assets of the shareholders' fund

Corporate tax | Commentary

D7.4111 Assets of the shareholders' fund

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.

It was anticipated when FA 2012, Pt 2 was being drafted that the separate shareholders' fund would disappear for regulatory purposes on the introduction of the Solvency II regime (which occurred on 1 January 2016). As such a mechanism needed to be established to replicate as far as possible the shareholders' fund for tax purposes, the result being the regime for long-term business fixed capital (see D7.410).

Similarly it

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