Commentary

D7.5174 Domestications

Corporate tax
Corporate tax | Commentary

D7.5174 Domestications

Corporate tax | Commentary

D7.5174 Domestications

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.

As noted in D7.5156, transfers of insurance business by UK insurers are permissible under the Financial Services and Markets Act 2000 Pt 7 (ss 104–117) whether that business is carried on in the UK or not, subject to sanction by the UK courts. This will apply even if the business is transferred from a permanent establishment outside the UK to a locally incorporated subsidiary. In the circumstances in which those provisions

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