Commentary

D7.574 Taxation of gross roll up business

Corporate tax
Corporate tax | Commentary

D7.574 Taxation of gross roll up business

Corporate tax | Commentary

D7.574 Taxation of gross roll up 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.

A life insurance company is chargeable in its I-E computation on the profits arising to it from its gross roll up business1 unless the company is charged to tax under the life assurance trade profits provisions on its life insurance business by the operation of ICTA 1988, s 431G2 (see D7.507). The charge on the gross roll up business is treated separately and is calculated using

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