Commentary

D7.524 Overseas life assurance business

Corporate tax
Corporate tax | Commentary

D7.524 Overseas life assurance business

Corporate tax | Commentary

D7.524 Overseas life assurance business

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 legislation has always sought to allocate income and gains from assets backing overseas life assurance business directly to that category without apportionment.

For accounting periods beginning on or after 1 January 2007 income from, and gains or losses on the disposal of foreign business assets (see D7.586) are always referable to gross roll up business1.

For earlier periods beginning before 1 January 2007

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