Related Commentary  Related HMRC Manuals

124C(1)  This section applies if–

(a)an amount of an insurance companyʼs BLAGAB trade loss for an accounting period is carried forward to an accounting period (“the later period”) of the company under section 124A(2) or subsection (3) of this section,

(b)any of that amount is unrelieved in the later period, and

(c)the company continues to carry on basic life assurance and general annuity business in the accounting period (“the further period”) after the later period.

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