Commentary

D7.583 Taxation of child trust fund business

Corporate tax
Corporate tax | Commentary

D7.583 Taxation of child trust fund business

Corporate tax | Commentary

D7.583 Taxation of child trust fund 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.

For accounting periods beginning on or after 1 January 2007, CTFB is taxed as part of the composite gross roll up category described in D7.574.

For accounting periods beginning before that date, the tax treatment of CTFB followed that for pension business by extending the application of ICTA 1988, s 436 to it1. The effect was that investment income and gains were exempt from corporation tax but

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