Commentary

D7.5137A General

Corporate tax
Corporate tax | Commentary

D7.5137A General

Corporate tax | Commentary

Other reliefs and deductions

D7.5137A General

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 split of a life insurance company's profits between those attributable to shareholders, representing the company's profit from carrying on the trade of life insurance, and those attributable to policy holders, means that general corporate tax reliefs available against trading profits have to be restricted to the former alone.

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