Commentary

D7.443 Taxation of BLAGAB chargeable gains

Corporate tax
Corporate tax | Commentary

D7.443 Taxation of BLAGAB chargeable gains

Corporate tax | Commentary

D7.443 Taxation of BLAGAB chargeable gains

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.

In general terms the rules for calculating the chargeable gains and allowable losses accruing to a life insurance company on disposals of its assets follow the normal rules applicable to all corporate taxpayers. See Division D1.9 for a more detailed consideration of the regime governing chargeable gains of UK resident companies generally.

Having calculated the gains or losses arising on the company's assets, the net result referable to BLAGAB

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