Policy paper
Corporation Tax: long term insurance business
This only applies to life insurance companies that carry on life assurance and other long-term business.
Documents
PDF, 38.6 KB, 1 page
This file may not be suitable for users of assistive technology.
Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
PDF, 63.2 KB, 1 page
This file may not be suitable for users of assistive technology.
Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Details
This legislation simplifies how life insurance companies use debits from intangible fixed assets and trading losses from their basic life assurance and general annuity business (BLAGAB). It also ensures that the deemed income which arises if BLAGAB trade profits exceed BLAGAB investment return is fully brought into charge.
Updates to this page
Published 9 December 2015