Commentary

D7.445 Equities—share pooling

Corporate tax
Corporate tax | Commentary

D7.445 Equities—share pooling

Corporate tax | Commentary

D7.445 Equities—share pooling

Given the significant equity holdings of life insurance companies, the share pooling rules are of particular importance and are modified to deal with the particular circumstances of the equity holdings of such companies1.

The legislation identifies five separate pools that may potentially exist:

  1.  

    (a)     securities matched to BLAGAB liabilities

  2.  

    (b)     securities matched to other long-term liabilities

  3.  

    (c)     securities held for the purposes of any with-profits fund but which are not matched to any long-term business liabilities

  4.  

    (d)     securities held for the purposes of the company's long-term business but neither matched to any long-term liabilities nor held for the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial