Commentary

D7.5115 Modifications for overseas life assurance business

Corporate tax
Corporate tax | Commentary

D7.5115 Modifications for overseas life assurance business

Corporate tax | Commentary

D7.5115 Modifications for overseas life assurance business

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.

For accounting periods beginning before 1 January 2007, if the part of the income brought into account that was attributable to non-solely linked assets of the overseas life assurance fund exceeded the applicable percentage of the average of the opening and closing liabilities less the opening and closing values of linked assets, then the income brought into account was to be treated as the amount

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