Commentary

D7.437 Income from land

Corporate tax
Corporate tax | Commentary

D7.437 Income from land

Corporate tax | Commentary

Taxation of BLAGAB income

In general the calculation of the income (or losses and debits as the case may be) arising from the company's various assets follows the normal rules applicable to all corporate taxpayers. The text that follows considers only those areas where the rules for life insurance companies differ from the norm.

D7.437 Income from land

The normal rules for taxing income from land under CTA 2009, Pt 4 as a single business1 (see B6.202) are modified for insurance companies2. This reflects the fact that the single business concept does not sit well with the different purposes for which a life insurance company may hold land and

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