Commentary

D7.487 Transfers of non-BLAGAB business

Corporate tax
Corporate tax | Commentary

D7.487 Transfers of non-BLAGAB business

Corporate tax | Commentary

D7.487 Transfers of non-BLAGAB business

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.

The provisions applying to relevant intra-group transfers (or demutualisations) of BLAGAB apply equally for the purpose of calculating any non-BLAGAB profit of the transferor or transferee1.

The treatment afforded to the present value of in force business for transfers between non-group companies also apply provided criteria (b) to (d) set out in D7.486 above are met2.

When considering whether parties to an insurance

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