Commentary

D7.5150 Shareholders' tax rate

Corporate tax
Corporate tax | Commentary

D7.5150 Shareholders' tax rate

Corporate tax | Commentary

D7.5150 Shareholders' 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 shareholders' share of the relevant profits bears tax at the rate of corporation tax applicable to the financial years into which the accounting period falls.

A life insurance company is entitled to those reliefs available to all corporate taxpayers in respect of the tax on the shareholders' share of its relevant profits. It may therefore claim group relief or relief for losses suffered on other types of

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