Commentary

D7.5101 Structural assets

Corporate tax
Corporate tax | Commentary

D7.5101 Structural assets

Corporate tax | Commentary

D7.5101 Structural assets

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.

Structural assets are defined in D7.511. The following rules apply for periods of account beginning on or after 1 January 2007.

Income from, and movements in value of, a structural asset are not required to be taken into account as receipts of a period and as such are outside the life assurance trade profit provisions1. In this context, movements in value explicitly include write ups from admissible value to fair value on disposal and write downs from historic cost to

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