Commentary

D7.5149 Policy holders' tax rate

Corporate tax
Corporate tax | Commentary

D7.5149 Policy holders' tax rate

Corporate tax | Commentary

D7.5149 Policy holders' tax rate

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 policy holders' share of the company's relevant profits bears tax at the basic rate (lower rate prior to 2008-09) of income tax charged for the year of assessment beginning on 6 April falling in the financial year1.

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