Commentary

D7.5169 Anti-avoidance rule – whole business transfer scheme conferring transferee life assurance trade profits advantage

Corporate tax
Corporate tax | Commentary

D7.5169 Anti-avoidance rule – whole business transfer scheme conferring transferee life assurance trade profits advantage

Corporate tax | Commentary

D7.5169 Anti-avoidance rule – whole business transfer scheme conferring transferee life assurance trade profits advantage

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 calculation of whether a life assurance trade profits advantage accrues to the transferee shares much in common with the same test for the transferor.

An advantage accrues to the transferee if its profits (losses) are less (greater) than they would have been, or were expected to have been, in the absence of the scheme and any relevant associated

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial