Commentary

D7.477 Policyholders' share of I-E profit—Calculating the adjusted amount of the BLAGAB trade profit

Corporate tax
Corporate tax | Commentary

D7.477 Policyholders' share of I-E profit—Calculating the adjusted amount of the BLAGAB trade profit

Corporate tax | Commentary

D7.477 Policyholders' share of I-E profit—Calculating the adjusted amount of the BLAGAB trade 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.

Having calculated the BLAGAB trade profit (after adjustment for policyholder tax, see D7.468), there are two further adjustments that may need to be made to it to arrive at the adjusted amount that is used for the purposes of the comparison required to determine the policyholders' share of the I-E profit.

Firstly if the company has unrelieved BLAGAB trade losses (see

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