Related Commentary  Related HMRC Manuals

74(1)  In section 73 “income”, in relation to an insurance company, means the following income or credits so far as arising from the company's long-term business–

(a)income of the company chargeable under Chapter 3 of Part 4 of CTA 2009 in respect of any separate UK property business or overseas property business within section 86(4),

(b)credits in respect of any loan relationships of the company,

(c)credits in respect of any derivative contracts of the company,

(d)credits brought into account by the company under Part 8 of CTA 2009 (intangible fixed assets),

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.