Commentary

D7.5107 Apportionments

Corporate tax
Corporate tax | Commentary

D7.5107 Apportionments

Corporate tax | Commentary

D7.5107 Apportionments

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.

Having established the investment return to be taken into account, it needs to be apportioned between life assurance business and PHI business, the amount allocated to the former also needing to be apportioned further to determine the amount used in computing the profits from the company's gross roll up business. The legislation achieves this aim by setting out a prescribed arithmetical calculation depending on the type of business written by the

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