GIM5000 - Taxation of the investment return

This section covers one of the more unusual features of the taxation of general insurers, namely the treatment of investment income and gains. See GIM4000+ for the broad framework of the taxation of general insurance.

1. GIM5010

   General overview
2. GIM5020

   The general rule: investment income treated as trading receipt
3. GIM5030

   Exceptions to the general rule: investment income not always taxed as trade profits
4. GIM5040

   UK dividends and other distributions: history and basic rule
5. GIM5050

   UK dividends and other distributions exemption: dividend stripping: distributions made before 1 April 2008
6. GIM5055

   UK dividends and other distributions exemption: dividend stripping: distributions made on or after 1 April 2008: preference share lending
7. GIM5060

   Interest and foreign dividends
8. GIM5070

   Interest and foreign dividends: income received under deduction of tax
9. GIM5080

   Use of trading losses against investment income
10. GIM5090

    Corporate and government debt: accounting periods ending after 31 March 1996: introduction
11. GIM5100

    Corporate and government debt: accounting periods ending after 31 March 1996: rules for insurance companies
12. GIM5110

    Corporate and government debt: exchange differences: accounting periods ending after 31 March 1996 and beginning before 1 October 2002
13. GIM5120

    Corporate and government debt: exchange differences: accounting periods ending after 31 March 1996 and beginning on or after 1 October 2002
14. GIM5130

    Financial instruments: accounting periods beginning before 1 October 2002
15. GIM5140

    Derivative contracts: accounting periods beginning on or after 1 October 2002
16. GIM5150

    Investment gains: accounting periods beginning before 1 January 2002: gains and losses on equities and other non-debt assets
17. GIM5160

    Investment gains: accounting periods beginning before 1 January 2002: portfolio assets and trading stock
18. GIM5170

    Investment gains: accounting periods beginning before 1 January 2002: portfolio assets and trading stock: periods ending before 1 April 1996
19. GIM5180

    Investment gains: accounting periods beginning before 1 January 2002: the realisations basis
20. GIM5190

    Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: change of accounting basis
21. GIM5200

    Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: transitional measures
22. GIM5210

    Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: transfers of business
23. GIM5220

    Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: identification of part realisations
24. GIM5230

    Investment gains: structural assets
25. GIM5240

    Investment gains: paper for paper exchange of assets
26. GIM5250

    Investment gains: paper for paper exchange of assets: section 473 ICTA 1988
27. GIM5260

    Investment gains: portfolio assets: anti avoidance provisions
28. GIM5270

    Investment gains: portfolio assets: exchange differences
29. GIM5280

    Investment gains: land and property