Related Commentary  Related HMRC Manuals

18Q(1)  So much of the profits or losses of a company as consists of profits or losses arising from basic life assurance and general annuity business is not to be regarded as forming part of a relevant profits amount or relevant losses amount of the company for the purposes of this Chapter.

18Q(2)  [Omitted by FA 2012, s. 146 and Sch. 16, para. 137(3).]

18Q(3)  [Omitted by FA 2012, s. 146 and Sch. 16, para. 137(3).]

18Q(4)  Any election under section 107(4) of FA 2000 (general insurance: adjustment for technical provision) is to be ignored for the purposes of this Chapter.

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