Related Commentary  Related HMRC Manuals

88(1)  This section applies if an insurance company has–

(a)credits or debits in respect of any loan relationships,

(b)credits or debits in respect of any derivative contracts, or

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

that are referable, in accordance with Chapter 4, to its basic life assurance and general annuity business.

88(2)  In the application of the I – E rules in relation to the company's basic life assurance and general annuity business–

(a)the loan relationship rules,

(b)the derivative contract rules, and

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