Commentary

D7.5130 Permanent health insurance ('PHI')

Corporate tax
Corporate tax | Commentary

D7.5130 Permanent health insurance ('PHI')

Corporate tax | Commentary

D7.5130 Permanent health insurance ('PHI')

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.

Permanent health business is defined by the FSA as the effecting and carrying out of 'contracts of insurance providing specified benefits against risks of persons becoming incapacitated in consequence of sustaining injury as a result of an accident or of an accident of a specified class or of a sickness or infirmity, being contracts that:

  1.  

    (a)     are expressed to be in effect for a period of not less

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