Commentary

D7.532 Income from equities

Corporate tax
Corporate tax | Commentary

D7.532 Income from equities

Corporate tax | Commentary

D7.532 Income from equities

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 will receive franked investment income ('FII') from its investments in UK equities. As with all corporate taxpayers, such income is generally exempt from corporation tax in the hands of a life insurer1. This exemption applies to FII referable to BLAGAB and long-term business which is not life insurance as well as FII received from assets held outside the long-term insurance fund. FII referable to the

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