Commentary

D7.567 Expenses of management—Payments under new annuity contracts

Corporate tax
Corporate tax | Commentary

D7.567 Expenses of management—Payments under new annuity contracts

Corporate tax | Commentary

D7.567 Expenses of management—Payments under new annuity contracts

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 term 'new annuity' refers to any BLAGAB annuity paid under a contract made by an insurance company in an accounting period beginning on or after 1 January 19921.

Relief is available as an expense of management for new annuities paid up to the amount of the income limit2, the income limit being defined as the difference between the total amount of new annuities paid by

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