Commentary

D7.612 Payments to members

Corporate tax
Corporate tax | Commentary

D7.612 Payments to members

Corporate tax | Commentary

D7.612 Payments to members

BLAGAB

The charge to income tax1 on gains realised by a policyholder from claims under, or dealings in, insurance policies applies to policies issued by a friendly society in the course of BLAGAB This includes those within exempt BLAGAB or eligible PHI business as well as larger annuities. As with other life policies, no charge arises under qualifying policies. This includes those within exempt life or endowment business as well as larger annuities. As with other life policies, no charge arises under qualifying policies (see D7.613) except on early termination or discontinuance of premiums.

In the normal

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