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

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.

Any relevant computational item apportioned to PHI is ignored because PHI was already taxed on an accounts basis under the pre-2013 regime so there is no transition3.

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