Commentary

D7.476 Determining the policyholders' share of the I-E profit

Corporate tax
Corporate tax | Commentary

D7.476 Determining the policyholders' share of the I-E profit

Corporate tax | Commentary

D7.476 Determining the policyholders' share of the I-E profit

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.

If the company carries on all of its BLAGAB on a mutual basis, the whole of the I-E profit is charged at policyholders' rate on the basis that all of the profits accrue for the benefit of the policy holders1.

Otherwise the amount of I-E profit charged at the policyholder rate depends on whether there is a BLAGAB trade profit for the period. This is because

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