Commentary

D7.5133 Taxation of PHI—equity investments

Corporate tax
Corporate tax | Commentary

D7.5133 Taxation of PHI—equity investments

Corporate tax | Commentary

D7.5133 Taxation of PHI—equity investments

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.

Since PHI is taxed under on normal trading principles the general rules for company distributions1 applies to any such income referable to it.

Companies writing PHI business are potentially subject to some otherwise redundant anti-avoidance legislation that has been repealed because it no longer has effect on companies other than those writing non-life insurance business. The measures in question were obsolete provisions connected with bond washing and dividend buying

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