Commentary

D7.5154 Income tax

Corporate tax
Corporate tax | Commentary

D7.5154 Income tax

Corporate tax | Commentary

D7.5154 Income tax

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.

A life insurance company is entitled to the same relief under CTA 2010, s 967 (formerly ICTA 1988, s 7(2)) as any other corporate taxpayer and the income tax may be set off against the corporation tax due on both the shareholders' and the policy holders' shares of the relevant profits.

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