Related Commentary  Related HMRC Manuals

130(1)  This section applies for the purpose of calculating the trading profits of–

(a)insurance business other than business in relation to which section 111 of FA 2012 applies, or

(b)any category of such business.

130(2)  A receipt that is exempt for the purposes of Part 9A (company distributions) is not brought into account in calculating the profits of the trade.


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