Commentary

D7.510 Shareholders' funds

Corporate tax
Corporate tax | Commentary

D7.510 Shareholders' funds

Corporate tax | Commentary

D7.510 Shareholders' funds

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

Life insurance companies are required to identify the assets relating to their long-term insurance business, such assets constituting their long-term insurance fund1. However proprietary companies will usually also have a pool of assets held outside the long-term insurance fund on which income and gains will arise. The tax treatment of those income and gains (and any expenses incurred in earning them) varies depending on whether they are held to be

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