Commentary

D7.514 Summary—exceptions and exclusions

Corporate tax
Corporate tax | Commentary

D7.514 Summary—exceptions and exclusions

Corporate tax | Commentary

D7.514 Summary—exceptions and exclusions

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 legislation and the accompanying regulations are not symmetrical. The various exceptions and exclusions for the most part operate separately, though some interact, affecting both the reinsurer and the cedant. The cumulative effect of the various provisions and regulations may be summarised as follows.

Pure reinsurance business does not include intra-group business where the cedant is either resident in the UK or is non-resident but within the charge to UK

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