Commentary

D7.520 Chargeable gains

Corporate tax
Corporate tax | Commentary

D7.520 Chargeable gains

Corporate tax | Commentary

D7.520 Chargeable gains

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 rules for chargeable gains on the transfer of assets between life insurers and fellow group companies are discussed in D7.551.

Many financial services groups include a unit trust or other collective investment scheme manager. Until 1 January 2007, if a life insurer in the same group disposed of assets to that manager any gain would be chargeable but an allowable loss would be relievable only against gains on subsequent disposals

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