Related Commentary  Related HMRC Manuals

104V(1)  This section applies if–

(a)for an accounting period, an insurance company is charged to tax in respect of its basic life assurance and general annuity business in accordance with the I–E rules, and

(b)the calculation of the company's charge to tax for the period in respect of that business does not involve the calculation of any BLAGAB trade profit or loss of the company.

104V(2)  Section 104A has effect as if–

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