Commentary

D7.5145 Relevant profits—accounting periods beginning before 1 January 2008

Corporate tax
Corporate tax | Commentary

D7.5145 Relevant profits—accounting periods beginning before 1 January 2008

Corporate tax | Commentary

D7.5145 Relevant profits—accounting periods beginning before 1 January 2008

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.

For accounting periods beginning before 1 January 2008 similar principles applied but the calculation of relevant profits was defined in a different manner.

For those periods relevant profits were defined as the income and gains of the company's life assurance business reduced by the sum of the non-trading loan relationship deficits brought into account in accordance with FA 1996, Sch 11, para 4 plus the

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