LAM08000 - Full example computation
This manual has yet to be updated for the interest restriction and changes to relief for carried forward losses introduced by Finance (No.2) Act 2017.
A fully worked example of a tax computation for a life insurance company.
This includes the following schedules.
Computation Index
| Schedule | Computation | Links to supporting narrative |
|---|---|---|
| A1 | BLAGAB I-E computation | LAM03010 – income and gains |
| LAM04010 - expenses | ||
| A2 | Minimum profits charge | LAM03510 |
| A3 | BLAGAB management expenses | LAM04010 |
| A4 | BLAGAB trade computation | LAM07010 |
| A5 | Non-BLAGAB trade computation | LAM07010 |
| A6 | Long-term business fixed capital | LAM11010 |
| A7 | Policyholders’ share of I-E | LAM06010 |
| A8 | Overall tax calculation | |
| A9 | Tax liability | |
| B1 | Double tax relief - summary | LAM09010 |
| B2 | DTR foreign income – BLAGAB | LAM09010 |
| B3 | DTR foreign income – non-BLAGAB | LAM09010 |
| G | Capital gains and losses | LAM03200 |