Commentary

D7.582 Child trust fund business ('CTFB')

Corporate tax
Corporate tax | Commentary

D7.582 Child trust fund business ('CTFB')

Corporate tax | Commentary

D7.582 Child trust fund business ('CTFB')

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.

Life insurance companies are permitted to offer child trust fund accounts which came into effect on 6 April 2005. An insurance company's CTFB will be so much of its business as is referable to a policy that is a qualifying investment within the meaning of the Child Trust Funds Act 20041.

Reinsurance of CTFB is automatically life reinsurance business (see D7.578) because the

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