73 This section sets out rules, in relation to the basic life assurance and general annuity business carried on by an insurance company, for determining whether the company has an I – E profit or excess BLAGAB expenses for an accounting period (and, if so, the amount of the profit or expenses).
Calculate the income chargeable for the accounting period that is referable, in accordance with Chapter 4, to the company's basic life assurance and general annuity business.
The meaning here of “income” is given by section 74.
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