Commentary

D7.5123 Other reliefs

Corporate tax
Corporate tax | Commentary

D7.5123 Other reliefs

Corporate tax | Commentary

D7.5123 Other reliefs

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 following provisions do not apply to the calculation of a life insurer's life assurance trade profit for any purpose:

  1.  

    (a)     expenditure on land remediation1;

  2.  

    (b)     expenditure on research and development2; and

  3.  

    (c)     expenditure on intangible fixed assets3; in this particular case, an insurance company may only obtain relief if the intangible fixed asset in question is computer software or

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial