Commentary

D7.541 General principles

Corporate tax
Corporate tax | Commentary

D7.541 General principles

Corporate tax | Commentary

Taxation of BLAGAB chargeable gains

D7.541 General principles

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.

In general terms the rules for calculating the chargeable gains and allowable losses accruing to a life insurance company on disposals of its assets follow the normal rules applicable to all corporate taxpayers. See Part C1 for a more detailed consideration of the capital gains tax regime generally.

Having calculated the gains or losses arising, the net result is apportioned to the different categories of

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