Commentary

D7.414 Child trust fund business ('CTFB')

Corporate tax
Corporate tax | Commentary

D7.414 Child trust fund business ('CTFB')

Corporate tax | Commentary

D7.414 Child trust fund business ('CTFB')

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.

Life insurance companies are permitted to offer child trust fund accounts which came into effect on 6 April 2005 (although the scheme was closed to new entrants in 2011, existing accounts continue unless they are converted into junior ISA accounts). An insurance company's CTFB will be so much of its life assurance business as is referable to a policy that is a qualifying investment within the meaning of

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