Commentary

D7.5137 Taxation of CRB

Corporate tax
Corporate tax | Commentary

D7.5137 Taxation of CRB

Corporate tax | Commentary

D7.5137 Taxation of CRB

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.

CRB is treated as BLAGAB and taxed on the I-E basis with full relief for expenses payable including annuities and capital allowances1. A further consequence of its inclusion in the definition of life insurance business is that the policy holders' rate of tax may be applicable.

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