Commentary

D7.497 Apportionment of relevant computational items

Corporate tax
Corporate tax | Commentary

D7.497 Apportionment of relevant computational items

Corporate tax | Commentary

D7.497 Apportionment of relevant computational items

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.

Once the relevant computational items have been identified they must be apportioned between BLAGAB, gross roll up business or permanent health insurance ('PHI') carried on by the company at 31 December 20121. Regulations provide different treatments for relevant computational items based on the category of adjustment to which they have been allocated and whether they arise in a with-profits or non-profit fund2.

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