Commentary

D7.5147 Capital allowances in calculating the policy holders' share of profits

Corporate tax
Corporate tax | Commentary

D7.5147 Capital allowances in calculating the policy holders' share of profits

Corporate tax | Commentary

D7.5147 Capital allowances in calculating the policy holders' share of profits

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.

Capital allowances on investment assets may also be deducted in arriving at the measure of the life assurance trade profit for the purposes of determining the policy holders' share of profits required by FA 1989, s 891.

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