Related Commentary  Related HMRC Manuals

History

In the heading, the words “pre-1 April 2017” inserted by F(No. 2)A 2017, s. 18 and Sch. 4, para. 25(2), with effect in relation to accounting periods beginning on or after 1 April 2017, subject to the transitional and saving provisions in F(No. 2)A 2017, Sch. 4, para. 190(2) and 191 and 192.


124(1)  This section applies if an insurance company carrying on basic life assurance and general annuity business makes a BLAGAB trade loss for an accounting period beginning before 1 April 2017.

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