Commentary

D7.484 Relief for transferor's BLAGAB expenses

Corporate tax
Corporate tax | Commentary

D7.484 Relief for transferor's BLAGAB expenses

Corporate tax | Commentary

D7.484 Relief for transferor's BLAGAB expenses

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.

It has always been a feature of the various iterations of the tax regime governing transfers of insurance business that the transferee should be able to enjoy access to the transferor's brought forward BLAGAB management expenses and spread BLAGAB acquisition expenses1.

The transferee is entitled to relief for BLAGAB acquisition expenses that would have accrued to the transferor for any accounting period starting after the date of the transfer

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