Commentary

D7.585 Taxation of overseas life assurance business

Corporate tax
Corporate tax | Commentary

D7.585 Taxation of overseas life assurance business

Corporate tax | Commentary

D7.585 Taxation of overseas life assurance 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, OLAB is taxed as part of the composite gross roll up category described in D7.574.

For accounting periods beginning before 1 January 2007, OLAB was treated as a separate business, the profits on which were assessed under Schedule D Case VI in accordance with the rules of Schedule D Case I, unless the company's profits from its life insurance business as a whole were assessed under Case I1.

The

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial