Commentary

D7.5114 Applying the floor

Corporate tax
Corporate tax | Commentary

D7.5114 Applying the floor

Corporate tax | Commentary

D7.5114 Applying the floor

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.

The floor calculation must be made for each category of business within the long-term insurance fund. The floor for each category is then compared with the implied investment return of that category calculated on the needs basis and the higher of the two figures becomes the adjusted investment return. If the floor produces a higher figure than the implied investment return for every category of business there is no

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